On the afternoon of November 6 local time, Tesla held its annual shareholders meeting, where shareholders approved Musk’s compensation package with a 75% majority vote, supporting his vision to transform the electric vehicle manufacturer into an artificial intelligence and robotics giant.

It is understood that in September, Tesla had released a compensation plan outlining 12 operational targets, including selling 12 million electric vehicles and 1 million AI robots. For each target achieved, Musk would receive stocks equivalent to approximately 1% of Tesla’s market value. Upon completing all targets, he would receive stocks amounting to 12% of Tesla’s market value.

According to the aforementioned compensation plan, Musk could receive stocks worth up to $1 trillion. However, he must first lead Tesla to surpass a market value of $2 trillion and achieve cumulative deliveries of 20 million vehicles within 10 years; otherwise, he will receive no compensation. To secure the full reward, Musk needs to elevate Tesla’s market value to over $8.5 trillion.

In addition to approving the "massive compensation package," Tesla shareholders also voted to authorize the board to invest in Musk’s AI startup, X.AI, though the majority of shareholders chose to abstain.