By: Express Web DeskUpdated: November 7, 2025 07:28 AM IST 2 min readTesla CEO Elon Musk won shareholder approval for the largest corporate pay package in history (File Photo)Tesla CEO Elon Musk won shareholder approval for the largest corporate pay package in history, with more than 75% of investors supporting the proposal at the company’s annual meeting in Austin, Texas.This deal sets up Elon Musk to become the world’s first trillionaire, according to a report by the Washington Post. The package could grant Elon Musk, already the richest person in the world, up to USD 1 trillion in stock over the next decade, though required payments would reduce the value to USD 878 billion. The approval comes as Tesla seeks to transform itself into an artificial intelligence and robotics company, expanding beyond electric vehicles.At the meeting, Elon Musk said Tesla would begin production of its steering-less, two-seater robotaxi, named Cybercab, in April, and unveil its next-generation Roadster. He added that Tesla would need a “gigantic chip fab” to produce AI chips and could partner with Intel.Shareholders also re-elected three directors, voted for annual board elections, and approved a new compensation plan to replace Musk’s earlier package, which remains tied up in court. They also backed Tesla’s proposal to invest in Musk’s AI startup xAI, though many large investors abstained. “Other shareholder meetings are like snooze fests, but ours are bangers,” Musk said. “I mean, look at this. This is sick.”(With inputs from Reuters)Stay updated with the latest - Click here to follow us on Instagram© IE Online Media Services Pvt LtdTags:Elon MuskTesla