Why Tesla gave Elon Musk $1 trillion pay

Tesla shareholders, who own the company, approved a $1 trillion pay deal for Elon Musk in November 2025, pointing to its Master Plan Part IV promise of 'amazing abundance' as the main reason, TechCrunch reported October 1, 2026. The plan, released September 1, 2025, was called vague, though promised details never came.