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Calendars Stock Splits Conference Calls Earnings Calendar Earnings Calendar Pos Pre-announcements Profit Warnings Positive Surprise Negative Surprise Latest Earnings FDA Calendars Drug Approvals Clinical Trial Calendar Ratings Changes Cov Initiations Cov. Reiterated Economic Calendar Economic Scorecard Cryptocurrency Market News Morning Mkt Analysis US Commentary European Commentary Asian Commentary Canadian Commentary Indian Commentary Commodities White House General News FX Top Stories Currency Analysis Currency Alerts Economic Calendar Economic Scorecard Health News Coronavirus COVID-19 Calendar Diet & Fitness Kids Health Men's Health Women's Health Cancer News Drug Development Mental Health Slide Shows Entertainment Entertainment News Top Stories Classic Rock Rap/Hip-Hop Alternative Content Licensing Newswires & Feeds Content Syndication Digital Signage Services Radio News Services Intelligent Investor Biotech Investor Latest News Videos Free Content Press Releases Corporate News Musk Wins Approval For $1 Tln Tesla Pay Deal And Unveils Sweeping Futuristic Ambitions By RTTNews Staff Writer ✉ | Published: 11/7/2025 4:51 PM ET Addas your preferred news source on Google Elon Musk, the CEO of Tesla, told shareholders that the company is embarking on a brand-new era of robotics, space-bound cars, and exponential production growth as he celebrated the approval of his record-breaking $1 trillion compensation package. The deal was supported by more than 75 percent of investors, securing Musk's path to approximately 25 percent ownership of Tesla over the following ten years and positioning him to become the first trillionaire in history. Musk outlined an ambitious vision at Tesla's annual meeting in Austin, which included Tesla-built equipment assisting in the establishment of outposts on the Moon and Mars and Optimus humanoid robots conducting surgery with "beyond-human precision." According to Musk, the business is starting "a new book" that will concentrate on producing vehicles and robotics at a never-before-seen pace. Concerns that Musk might turn his focus elsewhere if the deal fell through were also allayed by the vote. According to the plan's ambitious goals, Tesla's value is expected to reach $8.5 trillion, which would translate into an estimated $2.4 trillion in value for Musk's holdings. Supporters claimed the package aligns incentives at a critical juncture, while critics deemed it excessive and cautioned it concentrates too much power in Musk's hands. In order to secure the chips required for autonomous technology, Musk also suggested constructing a "terafab" semiconductor plant. He also disclosed that three new products the autonomous Cybercab, the long-delayed Semi, and the Optimus robot are anticipated to be released in the upcoming year. Although it is still non-binding, a proposal for Tesla to invest in Musk's AI startup xAI elicited conflicting responses from shareholders. Even though Musk pledged to advance a future based on autonomy, robotics, and off-planet engineering, Tesla shares fell on Friday. For comments and feedback contact: editorial@rttnews.com Business News Slide Shows Biotech Stocks Facing FDA Decision In October 2025 Biotech Stocks Facing FDA Decision In September 2025 Biotech Stocks Facing FDA Decision in April 2025 Global Economics Weekly Update - Oct 06 - Oct 10, 2025 October 10, 2025 14:35 ET Economics news flow from the U.S. was slow due to the federal government shutdown. The highlight was the minutes of the latest Federal Reserve policy session and the mortgage applications data. In Europe, economic indicators in Germany rang alarm bells and kindled speculation of a recession. In Asia-Pacific, New Zealand announced the latest interest rate decision. In other news, the World Bank released economic updates for regions covering Asia, Middle East and Central and Eastern Europe. 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