Tesla stock crashes as Elon Musk inches closer to $1 trillion goal with pay plan approval; check Tesla's share price and Musk’s big goals over the next decade

Tesla Shareholders Approve Ambitious Pay Package for Elon Musk

Tesla shareholders have overwhelmingly backed a record-breaking compensation plan for CEO Elon Musk. This approval brings Musk closer to becoming the world's first trillionaire.

Elon Musk's Vision for Tesla

The pay package aligns with Musk's bold plan to transform Tesla into a global leader in artificial intelligence and robotics over the coming decade.

Market Reaction

On the day of the pay plan approval, Tesla's stock price experienced a slight decline, despite the positive shareholder vote.

"This endorsement supports Musk's ambitious vision for Tesla's transformation into an AI and robotics leader."

Stay updated with international news by downloading The Economic Times News App.

Summary: Tesla shareholders approved Elon Musk's historic pay package, supporting his goal to lead Tesla into AI and robotics innovation despite a minor stock dip.

more

The Economic Times The Economic Times — 2025-11-07