Elon Musk celebrated on stage as Tesla shareholders approved a record-breaking $1 trillion pay package at the company’s annual general meeting in Austin, Texas, on Thursday.

The vote, backed by more than 75 per cent of investors, gives Musk the opportunity to become the world’s first trillionaire if he meets a series of ambitious growth milestones.

The package ties his compensation to Tesla’s performance, including boosting the company’s market value to $8.5 trillion from about $1.5 trillion today.

Shares of Tesla rose roughly 1 per cent in after-hours trading following the announcement, Reuters reported.

Optimus and Elon showing off their dance moves pic.twitter.com/SAGFvBWoHj — Zack (@BLKMDL3) November 6, 2025

Moments after the results were announced, Musk stepped onto the stage

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