During their 2025 annual meeting, Tesla shareholders voted in favour of CEO Elon Musk’s $1-trillion pay package.
Currently, Musk doesn’t take any salary from the automaker. The package comes in the form of a stock grant — distributed in 12 equal blocks over the next decade.
However, in order for him to receive the full payout, the following is reportedly required:
According to CNN, if everything goes to plan, it would be the equivalent of Musk earning around $275 million a day — surpassing any other executive pay package in history.
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No. This agreement doesn’t mean Musk has to step down as CEO of Tesla. In fact, he threatened to leave the company if it didn’t get the green light.
While pay packages of this nature aren’t as common as exit packages, it’s crucial for non-unionized employees across Canada to understand their severance rights in the event they’re fired or let go.
Received a Severance Package?
Before signing anything, check out our severance guides for Ontario, Alberta, and British Columbia (BC). You can also use our free Pocket Employment Lawyer tool for...
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