• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Sunday, September 7, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Electric Vehicles

Tesla offers record $1 trillion pay deal to Elon Musk, tying future to AI and robots

David Ijaseun by David Ijaseun
September 7, 2025
in Electric Vehicles, Premium
0
Elon Musk at Tesla
3.8k
SHARES
26.9k
VIEWS
Share on FacebookShare on Twitter

Tesla has proposed a staggering $1 trillion pay package for CEO Elon Musk, the largest in corporate history, betting that the billionaire can transform the carmaker into an AI and robotics leader even as global demand for electric vehicles slows.

The award, which could lift Musk’s stake in Tesla well beyond his current 13%, depends on the company reaching a market valuation of $8.6 trillion in the next decade, an eightfold jump from today’s level. Tesla shares rose 3% after the announcement.

READ ALSO

Uber, Bolt lose rider trust in South Africa over safety and service issues

Giorgio Armani, designer, dreamer, and yachtsman who changed modern style, Dies at 91

“This is a ridiculously large pay package. It raises lots of questions,” said Brian Quinn, professor at Boston College Law School. “But Musk moved Tesla’s legal home to Texas, where shareholders have fewer tools to challenge it. That makes approval far more likely.”

The package comes at a critical moment. Tesla faces rising competition from Chinese EV makers and cooling demand in key markets. But Musk insists the company’s future lies in autonomous robotaxis and humanoid robots, which he has said could one day represent 80% of Tesla’s value and push its worth to $25 trillion.

“While bold compensation tied to performance is nothing new, the sheer scale here sets a new bar for CEO incentives,” said Adam Sarhan, chief executive of 50 Park Investments. “It will dominate boardroom debates everywhere.”

Unlike other executives, Musk will not receive a salary or cash bonus. Instead, the payout is tied to performance milestones such as mass robotaxi deployment and scaling robot production. The plan, reviewed by independent directors, will go to a shareholder vote in November.

Critics argue Musk already has ample motivation as Tesla’s largest shareholder and warn the plan could dilute investor holdings and deepen governance risks. Still, the board maintains the award is necessary to secure Musk’s focus amid his growing ventures, which include SpaceX, xAI and political pursuits.

“Tesla’s stock price is basically all vibes and has very little to do with its actual performance,” Quinn added. “But given Musk’s influence, I suspect they will approve this package.”

The new Texas law also shields Tesla from the type of lawsuits that derailed Musk’s previous $56 billion pay plan in Delaware. Under the Lone Star State’s rules, only investors holding 3% of stock can sue, leaving Musk himself, Vanguard, BlackRock, and State Street as the only ones eligible.

Read more on New car registrations fall 7.66% in France, Tesla sales hit hardest

Tags: electric vehiclesElon MuskHeadlineTesla

Related Posts

Uber in South Africa
Africa

Uber, Bolt lose rider trust in South Africa over safety and service issues

September 4, 2025
Giorgio Armani dies at 91
Business

Giorgio Armani, designer, dreamer, and yachtsman who changed modern style, Dies at 91

September 4, 2025
Cleaner transport: NEDC launches 1,000 Electric vehicles and health plan in Adamawa
News

Cleaner transport: NEDC launches 1,000 Electric vehicles and health plan in Adamawa

September 4, 2025
ArcelorMittal South Africa steel industry
News

ArcelorMittal to axe 4,000 jobs, nearly half its South African workforce

September 3, 2025
Electric vehicles plant in Kenya
Africa

Kenya bets on EVs to cut fuel imports and create jobs as local assembly surges 16%

September 3, 2025
Bugatti grand tour in morocco
Africa

Bugatti trades Monaco boulevards for Morocco’s rugged roads

September 3, 2025
Next Post
Red Bull’s Verstappen breaks F1 speed record with fastest lap in history

Red Bull’s Verstappen breaks F1 speed record with fastest lap in history

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

2024 Dodge Charger (EV)

Muscle meets volts: 2024 Dodge EV Chargers are the quickest and most powerful yet

March 5, 2024
Lucid EV

Lucid secures $1.5 bn from Saudi PIF for electric SUV expansion

August 7, 2024
Best Young Driver (Everypixel)

Kenya’s Best Young Driver contest aims to improve youth road safety awarenes

July 3, 2023
Polestar 4

Polestar set to debut its fastest car at Shanghai Motor show

April 14, 2023

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Red Bull’s Verstappen breaks F1 speed record with fastest lap in history
  • Tesla offers record $1 trillion pay deal to Elon Musk, tying future to AI and robots
  • Uber, Bolt lose rider trust in South Africa over safety and service issues
  • Giorgio Armani, designer, dreamer, and yachtsman who changed modern style, Dies at 91

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In