Elon Musk set to become world’s first trillionaire with Tesla deal

NEW YORK: Tesla CEO Elon Musk has been awarded the largest corporate pay package in history, bringing him closer to becoming the world’s first trillionaire.

According to international media reports, 75% of Tesla shareholders approved Musk’s compensation, linked to a record $1 trillion (approximately PKR 281 trillion) in company profits.

The company’s board had warned that Musk could leave Tesla, noting that the company’s future in artificial intelligence and robotics is closely tied to his vision.

The decision has sparked renewed debate over wealth inequality in the United States, with critics calling the package a symbol of the growing economic divide.

Musk’s compensation is tied to Tesla’s performance and ambitious projects, including self-driving vehicles, robotics networks, and the sale of humanoid robots. Some major investors and advisory firms had criticized the package as “excessive” and “unnecessary,” but the board defended it as essential for retaining Musk and ensuring long-term growth.

During Tesla’s annual meeting, Musk announced that production of the Cybercab—a two-seater robotic taxi—will begin in April, marking the next milestone in the company’s expansion into robotics and AI-driven transportation.