Tesla to shareholders: 'One trillion to Musk or risk losing him'. Shareholder vote today

Elon Musk's maxi remuneration will be put to the test by Tesla's shareholders, who will be called upon in the coming hours - the vote is scheduled for 10pm Italian time on 6 November 2025 - to decide whether the billionairecan receive up to USD 1 trillion if he succeeds in getting the electric car giant to reach ambitious targets, such as a market capitalisation of USD 8.5 trillion in ten years.

The board of directors has approved the remuneration package and now the shareholders have the floor. In the event of a rejection, Musk has threatened to leave the leadership of the company. The Norwegian sovereign wealth fund, one of Tesla's 10 largest shareholders, has already said it will vote no while recognising the value created by Musk.

One trillion, or Tesla risks losing Elon Musk. In a letter to shareholders, the chairman of the board, Robyn Denholm, warned on 27 October that if Musk's compensation plan is rejected, the company could lose its CEO. 'Without Elon, Tesla could lose value significantly, as our company may no longer be valued for what we aim to become,' Denholm wrote, ahead of Tesla's annual meeting on 6 November. Online shareholder votes on Musk's new compensation plan and other proposals must be received by Tesla no later than 11:59pm on 5 November.

Musk is pivotal to the future of the electric vehicle manufacturer, which is evolving from 'just another car company', focusing more on fully autonomous driving and Optimus (its humanoid robot), argued Denholm.

Last week, a group of unions and corporate watchdogs launched the Take Back Tesla website to oppose the pay package, pointing to Musk's adherence to right-wing political movements and the amplification of conspiracy theories that have damaged the brand. Denholm told Cnbc's 'Squawk Box' programme that the company is at a 'major turning point' with artificial intelligence at the forefront.