Tesla Inc.'s board of directors is on the cusp of a pivotal shareholders' meeting scheduled for Thursday, 6 November 2025, where investors will cast their decisive votes on a proposed mega pay package for the company's billionaire founder and CEO, Elon Musk. This crucial vote will determine the fate of a compensation plan that could see Musk receive up to $878 billion in company stock, with the alternative risk of the influential CEO potentially departing the electric vehicle giant.

The $1 trillion compensation plan, initially proposed by Tesla's board in September 2025, is intricately structured. It is contingent upon Musk's ability to significantly grow the company's market capitalization (M-Cap) to an ambitious $8.5 trillion, alongside the achievement of various challenging operational targets. This performance-based structure involves allocating Elon Musk up to 423.7 million restricted company shares, which represents nearly 12% of Tesla's total outstanding shares.

The compensation scheme outlines 12 specific market capitalization goals. These include an initial target of $2 trillion, followed by nine increments of $500 billion each, and culminating in two substantial $1 trillion achievements, collectively leading to the targeted $8.5 trillion M-Cap over the coming years.

However, the proposed package has met with significant opposition. Norway's mega wealth fund, Norges Bank Investment Management (NBIM), a major shareholder with approximately a 1.12% stake in Tesla, publicly announced on Tuesday, 4 November 2025, that it had voted against Musk's mega pay package. NBIM expressed deep concerns regarding the