Overview
- More than 75% of votes backed the package, which grants up to about 423 million shares only if 12 financial and operational targets are met.
- The award could be worth nearly $1 trillion if Tesla reaches goals that include an $8.5 trillion market valuation, 20 million vehicles, 1 million Optimus robots and 1 million Robotaxi units.
- The plan would lift Elon Musk’s effective stake toward roughly 29%–30%, consolidating his control if the tranches vest.
- Major institutions split, with CalPERS and Norway’s sovereign fund opposed while Vanguard, BlackRock and State Street proved pivotal in approval.
- The vote follows a Delaware court’s 2024 annulment of Musk’s prior $56 billion award and Tesla’s shift in legal stance toward Texas as the company balances a market value above $1.5 trillion with recent sales softness and steep execution risks.