Tesla shareholders have approved Elon Musk’s proposed $1 trillion pay package, with 75% voting in favor. The package is tied to ambitious performance goals over the next decade, including delivering 20 million vehicles, achieving 10 million Full Self-Driving subscriptions, producing 1 million Optimus robots, and launching 1 million robotaxis in commercial operation. The vote came after a highly publicized campaign by Tesla and Musk, who described the moment as the start of a "whole new book" for the company, even as a robot danced behind him on stage. Tesla’s stock rose 2% in after-hours trading, and the company celebrated on X, saying, “We love y'all.” The approval has drawn strong reactions from investors and analysts, with clear divisions between those who see the move as a necessary boost to innovation and those who view it as a dangerous concentration of power. Supporters of the package, including Wedbush analyst Dan Ives, praised the vote as a vote of confidence in Musk as a “wartime CEO” driving Tesla through the AI revolution. Ives noted that while the $1 trillion reward is far from guaranteed, the performance targets could unlock significant value if met. Gene Munster, a veteran Tesla analyst, said the vote sends a strong message: investors are standing by Musk, which may insulate the stock from short-term volatility even during tough quarters. However, critics are deeply concerned. The SOC Investment Group, which urged shareholders to reject the plan, called the vote a sign of deteriorating corporate governance. It accused Tesla of using aggressive tactics—including paid social media campaigns, TV ads, and hiring a consultant to manage the proxy solicitation—to sway shareholders in Musk’s favor. The group warned that such actions undermine accountability and allow a single executive to wield disproportionate influence. New York State Comptroller Thomas DiNapoli echoed those concerns, calling the package “pay for unchecked power, not pay for performance.” He criticized the board for rewarding Musk without meaningful oversight and for allowing him to operate with minimal accountability. Safety advocates also voiced alarm. Safe Autonomous Vehicles Everywhere (SAVE) warned that the pay structure creates a financial incentive to rush autonomous vehicles and robotaxis onto public roads before they are proven safe. Shua Sanchez, SAVE’s national campaign director, emphasized that no part of the package incentivizes safety, raising serious concerns about public risk. The outcome underscores a broader debate about executive compensation, corporate governance, and the balance between innovation and accountability in high-stakes tech companies. While supporters see the pay package as essential to Tesla’s future, opponents argue it entrenches a power structure that may ultimately harm long-term stability and public trust.