Elon Musk’s Tesla pay package is half of Bitcoin’s market cap

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Elon Musk’s Tesla pay package is half of Bitcoin’s market cap.

crypto :: 2025-11-07 :: source - thestreet

By Anand Sinha

Tech billionaire Elon Musk's newly approved Tesla (Nasdaq: TSLA) pay package is only half of Bitcoin's (BTC) market capitalization.

On Nov. 6, over 75% of shareholders at the automotive and clean energy company approved a compensation plan worth $1 trillion, as per the latest news report.

Tesla also holds Bitcoin on its corporate balance sheet. As of now, it holds 1,509 BTC worth $1.5 billion.

Bitcoin is exchanging hands at $101,142.16 at the time of writing, down 17% in the last 30 days. Nonetheless, it continues to remain the world's largest cryptocurrency with a market cap of $2 trillion at press time.

Elon Musk

Notably, Musk's Tesla pay package is going to be exactly half of Bitcoin's market cap, a crypto user highlighted on X.

Musk himself is a strong believer in the power of cryptocurrencies and has praised Bitcoin on different occasions. When he floated the idea of launching his own political party, he confirmed it will "embrace" Bitcoin.

Musk's pay package contingent on lofty goals

To earn the full $1 trillion value, Musk must achieve a few lofty goals:

Boost Tesla's market cap to $8.5 trillion by 2035
Sell 12 million vehicles a year
Deploy 1 million robotaxis and 1 million humanoid robots

As per reports, board chair Robyn Denholm had warned shareholders in an October letter that Musk could walk away from the company if they don't approve his compensation.

Tesla's stock closed at $445.91 on Nov. 6, down 3.5% in a day.

Source: TheStreet. Add TheStreet as a Preferred Source by clicking here.