Name: The Three Big Questions Left After Musk Got a $1 Trillion Pay Package
Uploaded: 2025-11-07T12:56:00Z
Duration: 3 min 31 s
Description: WSJ’s Tim Higgins breaks down what the approval of Elon Musk’s $1 trillion pay package means for the future of Tesla.

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WSJ’s Tim Higgins breaks down what the approval of Elon Musk’s $1 trillion pay package means for the future of Tesla. Photo: Tesla

https://m.wsj.net/video/20251107/5b77ce40-10ff-4148-9e52-f64ed992acb3/2/hls/manifest-hd-wifi.m3u8

WSJ’s Tim Higgins breaks down what the approval of Elon Musk’s $1 trillion pay package means for the future of Tesla.

The Three Big Questions Left After Musk Got a $1 Trillion Pay Package

Elon Musk is on the road to becoming the $1 trillion man, at least he might be in the next 10 years. In order to collect the entire compensation package, Musk has until 2035 to accomplish a list of super ambitious goals. Things like becoming an $8.5 trillion company, delivering 1 million robot taxis and 1 million humanoid robots. Now that it is a done deal, the vote actually opens up three even bigger questions for Tesla's future. Question number one, can Musk create a robot future for Tesla? The shareholder meeting for Tesla really marks kind of the new era for Tesla. Tesla as a robot company.

Elon: Those are actual robots.

He's talking about a dramatic production increases, starting the cyber cab next year, and he's talking about huge numbers of the humanoid robots that he calls Optimus.

Elon: I think it's gonna be the biggest product of all time by far.

Tim: These are huge ideas pulled from the pages of science fiction.

I think there could be tens of billions of Optimus robots out there.

The vision that Elon Musk is laying out here is not a slam dunk. This is going to be hard. It's going from being a car company that makes most of its money from making cars to the idea of making robots.

People often talk about like eliminating poverty, giving everyone amazing medical care. Well, there's actually only one way to do that, and that's with the Optimus robot.

Question number two, can someone even replace Elon Musk as the leader of Tesla? Musk needs to kinda work on developing a framework for succession planning. Really, the question hangs over the company. What is Tesla without Musk? And part of the reason why many shareholders wanted to get to him this pay package, ensure that he remained at the company as they were concerned that what the company would be without him. And in fact, Chair Robyn Denholm essentially made that case to shareholders as she campaigned for the pay package.

And I'm thrilled at how many of you made your voices heard this year as we aspire to create more value than any other company in history.

But if you look at the long arc of time, there's been a long churn of top executives at Tesla, people who were seen as potential successors, people who were seen as perhaps the next generation of leaders have gone for all different sorts of reasons. The question that kind of hangs over Tesla is who can be the next Elon Musk? And there probably can't be one. And question number three, does money even matter to Elon Musk? He's already the world's richest man. Some of it is the superlatives of it all, all right? The first trillion dollar pay package. But it's also really about kind of the impossible. You look at the list of things that he needs to do to accomplish the various different milestones to unlock the stock that he would be compensated with. And some would say, not possible. I mean, these are huge stretch goals, and that's the kind of guy that Musk is. We've talked to him in the past about this idea of, you know, people tell you something's not possible and you know, why are you doing this? And he said, "People are always telling me things are impossible." So that's kind of in a lot of ways, fuel to his fire. It's the chip on his shoulder. It's what's giving him wings.

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