Elon Musk celebrated a significant milestone at Tesla's annual shareholder meeting in Austin, Texas, where shareholders approved a groundbreaking compensation package potentially worth up to $1 trillion. This approval positions Musk to become the world's first trillionaire if Tesla meets ambitious performance targets. Following the announcement, Musk took to the stage and danced alongside Tesla's humanoid robot, Optimus, delighting the audience. "Other shareholder meetings are snoozefests, but ours are bangers!" Musk exclaimed, as cheers erupted in the hall.

The approval from over 75% of shareholders underscores their confidence in Musk's vision for Tesla's future in artificial intelligence and robotics. Musk expressed gratitude to the shareholders, saying, "I’d like to give a heartfelt thanks to everyone who supported the shareholder votes. I super-appreciate it." The excitement in the room was palpable, with chants of "Elon! Elon!" resonating after the vote.

Musk's compensation package is structured uniquely, requiring him to achieve what Tesla calls "Mars-shot milestones" over the next decade. This includes reaching a market capitalisation of $2 trillion and delivering 20 million vehicles by the end of the period. Additionally, Tesla must have 1 million robotaxis in commercial operation and deliver 1 million units of the Optimus robot.

The financial targets are equally ambitious, with Musk needing to achieve an adjusted EBITDA of $400 billion over four consecutive quarters. This represents a significant increase from Tesla's adjusted EBITDA of approximately $16 billion in 2024. The structure of the compensation allows for partial vesting of stock grants based on the achievement of these milestones, ensuring Musk's continued commitment to Tesla's strategy until at least 2035.

The dance with Optimus not only highlighted the robot's advancements in balance and coordination but also marked the beginning of a challenging journey for Musk and Tesla. As the company aims for unprecedented growth, the real test of Musk's leadership and vision is just starting.