Tesla Proxy Lists Musk’s 2025 Compensation at $158 Billion

Tesla's definitive proxy statement puts Elon Musk's 2025 compensation at $158,359,009,867, all in stock awards, while its realized compensation table shows he received $0 that year.

In its definitive proxy statement, Tesla Inc (NASDAQ: TSLA) puts Elon Musk's 2025 compensation at $158,359,009,867, all of it in stock awards.

Yet Tesla's own realized compensation table shows Musk received $0 in 2025.

The gap suggests the headline figure reflects the value of stock awards, not cash Musk collected that year.

The 2025 performance award ties Musk's restricted shares to 12 milestones for Tesla's market cap, the total value of its shares, and for its operations.

Tesla hasn't reached any of those milestones yet, the proxy states.

The market cap milestones range from $2 trillion to $8.5 trillion.

The separate 2025 CEO Interim Award was fully forfeited in April 2026.

That suggests the reported value reflects unmet targets rather than a cost Tesla has already incurred.

• The 2025 CEO Performance Award, valued at the maximum assuming every condition is met, comes to $132,298,849,867 and covers about 423.7 million shares of performance-based restricted stock.
• The median annual compensation for Tesla's non-CEO employees was $62,786 in 2025, based on data from 135,623 qualifying employees.
• Tesla's revenue declined for a second straight year, to $94.8 billion in 2025.
• Net income fell 46% to $3.86 billion in 2025.
• Tesla shares rose 3.76% on October 19, 2026, to close at $368.06, giving the company a market capitalization of $1.45 trillion.
• The stock traded at $374.40 as of October 20, 2026.
• Analysts' average price target was $397.83, with a consensus rating of hold, as of October 20, 2026.

Tesla's annual shareholder meeting is set for December 3, 2026, at 3:00 p.m. Central Time, with online access and limited in-person attendance at Gigafactory Texas.