More than 75% of Tesla shareholders supported the proposed compensation package for Elon Musk, valued at $1 trillion. The package includes 12 large tranches of stock options tied to achieving the strategic goals set by the board of directors.
This is reported by Finway
Company Changes and Future Plans
After the voting results were announced, Tesla’s stock initially rose, but experienced a decline the following morning. Wedbush analyst Dan Ives commented on the situation:
“Now that the package has been approved and Tesla retains its key asset — Musk — as CEO for the foreseeable future, we believe a re-evaluation of the company as an AI company is beginning. Over the next 6–9 months, the market will increasingly perceive TSLA through the lens of artificial intelligence.”
Elon Musk, addressing shareholders, emphasized the importance of support and stated that the company is opening a new chapter in its history. According to him, prior to the approval of the plan, he owned about 13% of Tesla shares and had not received a salary for several years.
Musk’s previous compensation package, approved in 2018, became the subject of litigation in Delaware due to insufficient shareholder awareness. The Delaware Supreme Court is currently reviewing Tesla’s appeal on this matter.
Investments, Director Elections, and New Products
During the meeting, three board members were re-elected: Ira Ehrenpreis, Joe Gebbia, and Kathleen Wilson-Thompson. The majority of shareholders supported investments in Musk’s startup xAI, but due to a significant number of abstentions, the board plans to conduct further analysis of this initiative.
Musk announced that Tesla plans to build an Optimus robot production line with a capacity of 1 million units per year at its Fremont factory in California. Subsequently, the company plans to launch a second line for 10 million units at Giga Texas in Austin.
Production of the Cybercab robotaxi will begin in April 2026. The first cities for testing this service will be Miami, Dallas, Phoenix, and Las Vegas.
Musk also confirmed that the new Tesla Roadster will be unveiled on April 1, 2026, with mass production starting 12–18 months after the official presentation.