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Elon Musk’s trillionaire path opened wider Thursday after Tesla shareholders approved a $1 trillion compensation plan. The vote gives Musk the potential to become history’s first trillionaire if he meets tough performance targets.
More than 75% of voting shareholders backed the deal at Tesla’s Austin, Texas, headquarters. “Fantastic group of shareholders,” Musk said after the results. “Hang on to your Tesla stock.”
The approval marks a major victory for Musk, proving investors still trust him despite Tesla’s falling sales, profits, and market share. Many blame Musk’s erratic political behavior and online controversies for hurting Tesla’s brand.
Naysayers and Supporters Clash Over Musk’s Leadership
The vote followed weeks of fierce debate over Musk’s leadership and the fairness of such unprecedented pay. Critics, including Calpers and Norway’s sovereign wealth fund, called the package excessive. Corporate watchdogs Glass Lewis and Institutional Shareholder Services also opposed it, prompting Musk to label them “corporate terrorists.”
Still, many Tesla supporters view Musk as an innovator capable of reviving the company. They credit him with saving Tesla from bankruptcy six years ago and transforming it into a global tech leader.
Road to a Trillion-Dollar Fortune
The deal’s conditions set a difficult road ahead. Tesla’s board requires Musk to raise the company’s market value nearly sixfold and deliver 20 million vehicles over the next decade. He must also deploy over one million humanoid robots — the “robot army” he says will reshape human labor.
Analysts say meeting even part of these goals could add billions to Musk’s net worth. Forbes currently estimates his fortune at $493 billion. If successful, Musk could surpass America’s richest historical figure, John D. Rockefeller, whose wealth reached $630 billion in today’s dollars.
Power, AI, and the Future of Tesla
Musk insists the vote isn’t about money but control. The approval doubles his Tesla stake to nearly 30%, giving him greater authority over the company’s AI and robotics ambitions.
Tesla shares, already up 80% in the past year, rose 1.5% after the vote to $447.27 in after-hours trading.
The outcome signals continued investor faith in Musk’s vision — and the beginning of Elon Musk’s trillionaire path that could redefine both personal wealth and corporate ambition.
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