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Originally published by Citizen Digital
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November 8, 2025
5h ago

Elon Musk's Ksh.129 trillion Tesla pay plan wins shareholder approval

Elon Musk's Ksh.129 trillion Tesla pay plan wins shareholder approval

The proposal was approved with over 75% support, and Musk bounded to the stage of the company's annual meeting at its factory in Austin, Texas, accompanied by dancing robots......

✨ Key Highlights

Tesla shareholders have approved a massive Ksh. 129 trillion ($56 billion) pay package for CEO Elon Musk, endorsing his vision to transform the EV company into an AI and robotics powerhouse.

  • The proposal received over 75% support from shareholders.
  • Musk, already the world’s richest person, could receive up to $1 trillion in stock over the next decade, with required payments valuing it at $878 billion.
  • The vote is seen as crucial for retaining Musk and for the company's ambitious goals, including launching robotaxis and selling humanoid robots.

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