Tesla shareholders have voted to approve CEO Elon Musk’s record-setting $1 trillion performance-based pay package, a deal that could make him the highest-paid executive in history—if he delivers on a series of ambitious milestones tied to the company’s growth in cars, AI, and robotics.

More than 75% of votes cast supported the plan, which rewards Musk in 12 tranches of stock only if Tesla reaches major goals such as boosting market value to $8.5 trillion, expanding production, and scaling new products like robotaxis and humanoid robots. Again, he only gets paid if performance metrics are met.

Musk, speaking to shareholders at Tesla’s Austin headquarters, said, “What we’re about to embark upon is not merely a new chapter of the future of Tesla but a whole new book.”

Last night after the

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