Tesla shareholders to vote Nov. 6 on Musk pay

A shareholder vote on November 6 will decide Elon Musk's unprecedented, decade‑long compensation plan that could be worth nearly $1 trillion if a series of ambitious performance targets are met. The plan ties awards to 12 benchmarks — including selling millions of vehicles, producing one million autonomous robotaxis, shipping one million Optimus humanoid robots, and lifting Tesla's market value to roughly $8.5 trillion — and would increase Musk's stake to about 29% if fully achieved. Tesla's board and Chair Robyn Denholm have framed the vote as an “approve or lose him” choice, warning Musk could resign if the package is rejected. Governance critics, including Columbia Law professor Dorothy Lund and investor Ross Gerber, say the board is insufficiently independent and could still award shares despite missed targets, while some large investors such as Florida's pension fund defend the plan as a bold, performance‑driven incentive that could create substantial shareholder value if metrics are met.