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Tesla Shareholders Face Big Decision on Musk’s $1 Trillion Pay and xAI Deal

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AUSTIN, Texas — Tesla shareholders have begun voting on two major proposals ahead of the company’s annual meeting in November: a pay package for CEO Elon Musk that could reach $1 trillion and a potential investment in his artificial intelligence startup, xAI.....KINDLY READ THE FULL STORY HERE▶

The vote will be finalized at the 2025 Annual Shareholder Meeting scheduled for Nov. 6 at Tesla’s Gigafactory in Austin, Texas.

The most high-profile issue is Musk’s new compensation plan, which is tied to ambitious performance targets. If Tesla meets those goals, Musk could receive stock-based rewards worth up to $1 trillion, making it one of the largest executive pay packages in corporate history.

Tesla’s board of directors has endorsed the plan, arguing it is necessary to retain Musk as he divides his time between several high-profile ventures, including SpaceX, xAI and social media platform X.

“The board believes Elon’s leadership is essential for Tesla’s growth and innovation,” the company said in a statement to shareholders.

The second proposal asks investors to authorize Tesla to invest directly in xAI, Musk’s artificial intelligence company launched last year. Unlike the pay package, the board has not taken a position on this plan, citing potential conflicts of interest because Musk controls both Tesla and xAI.

Shareholders will be able to cast votes online or through their brokers until the deadline in early November. Tesla has released detailed instructions and voting guides to encourage retail investors to participate. The company has also reminded investors that every share counts, as turnout often determines close corporate votes.

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Musk’s pay package has drawn criticism from governance experts and some investor groups. They argue that the scale of the reward is excessive and risks tying Tesla’s fortunes too closely to one individual. Others note that Musk already holds a large ownership stake in Tesla, giving him strong incentive to succeed.

“The package is breathtaking in size and raises questions about fairness to other shareholders,” said Charles Elson, a corporate governance specialist not involved with the vote. “It also reflects the unique dependence Tesla has on Musk’s vision and ability.”

Supporters counter that Musk has repeatedly delivered breakthroughs that transformed Tesla from a niche electric carmaker into one of the world’s most valuable automakers. They point to his track record of meeting difficult targets under a previous 2018 pay plan, which helped push Tesla’s market capitalization above $1 trillion.

The xAI proposal has also stirred debate. Backers say an investment could give Tesla access to cutting-edge artificial intelligence that might benefit its self-driving car technology and energy products. Critics warn that conflicts of interest could limit accountability and put Tesla shareholders at risk.

“The challenge is transparency,” said analyst Samantha Wu of Global EV Research. “Shareholders want to know whether Tesla’s money would be used for Tesla’s benefit, not just to support Musk’s other projects.”

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Tesla has not disclosed the size of the possible investment in xAI, but analysts expect it could be significant. Musk has promoted xAI as a competitor to OpenAI and Google DeepMind, aiming to build safer and more human-aligned artificial intelligence systems.

The outcome of the votes will send a strong signal about investor confidence in Musk’s leadership. A rejection of the pay package would mark a rare pushback against one of the most influential executives in the world. Approval would cement Musk’s role at Tesla for years to come, while giving him potentially unprecedented personal wealth.

The November meeting is expected to draw widespread attention from Wall Street, technology analysts and Tesla’s large base of retail investors. Many are watching to see how the balance between Musk’s influence and shareholder oversight will play out.

Tesla said results of the vote will be announced shortly after the annual meeting.

For now, shareholders large and small are weighing the future of the world’s most valuable electric car company — and the billionaire who leads it.

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“ADC Ex-Chairman Nwosu Speaks On Hotly Contested Presidential Ticket Zoning”.

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The founder and pioneer National Chairman of the African Democratic Congress (ADC), Ralph Nwosu, has said the party has not yet reached a final decision on zoning its presidential ticket ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

reports that Nwosu made this known in an interview with Punch, while responding to calls by former Vice President Atiku Abubakar for the North to produce the next president.

He explained that the ADC currently maintains an open structure regarding its presidential ticket, giving all regions equal opportunity to contest.

According to him, “In ADC, it is open.”

Nwosu noted that zoning had been a subject of discussion during coalition negotiations, with some Northern stakeholders arguing for fairness based on political rotation since 1999.

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He said some young Northerners who visited him argued that since the return to democracy, power has been shared unevenly between the North and South, which influenced how he now views the debate.

He added that while he had not initially considered it from that angle, the argument reflects a political reality being discussed within the system.

On how the party intends to choose its presidential candidate, Nwosu said the ADC is considering two possible methods—consensus and direct primaries.

He explained that if stakeholders agree, a consensus arrangement would be adopted, but where disagreements arise, the party would proceed with direct primaries, and the winner would emerge as the flagbearer.

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Nwosu also disclosed that several prominent politicians have indicated willingness to support whoever emerges as the party’s candidate, regardless of outcome.

He mentioned figures such as Rotimi Amaechi, Atiku Abubakar, and Peter Obi as those who have reportedly made such commitments, adding that he expects Rabiu Kwankwaso to also take a similar stance.

He stressed that transparency remains central to the ADC’s internal processes, noting that this principle guided the party’s leadership structure and decision-making.

According to him, the leadership arrangement, including the role of David Mark, was supported because of the need for credible and transparent primaries within the party.

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“2027: Kwankwaso Makes Double Appeal To Nigerians Ahead Of Elections”.

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Former presidential candidate of the New Nigeria Peoples Party (NNPP), Rabiu Kwankwaso, has called on Nigerians both within the country and in the diaspora to actively participate in the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

reports that Kwankwaso, a chieftain of the African Democratic Congress (ADC), made the appeal in a video posted on his official handle on Monday night.

The former Kano State governor urged citizens, particularly young people, to complete their voter registration with the Independent National Electoral Commission (INEC) ahead of the polls.

He also encouraged Nigerians to register with the African Democratic Congress (ADC), as the coalition party positions itself ahead of the 2027 elections.

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He said, “Fellow Nigerians, it is time for every eligible Nigerian young and old, in the cities and in the villages, at home and in the diaspora to take two decisive steps:

“Register to vote with the Independent National Electoral Commission (INEC) without delay.

“Register with the African Democratic Congress (ADC).”

Meanwhile, a factional leader within the ADC, Nafi’u Bala Gombe, has dismissed any engagement with Kwankwaso, claiming his past actions towards the North make such discussions meaningless.

Speaking in an interview with Premier Radio in Kano, Gombe accused Kwankwaso of failing to act in the best interest of Northern Nigeria when he had the opportunity.

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He further alleged that Kwankwaso contributed to the region’s political setbacks, insisting he did not use his past positions to bring meaningful development.

Gombe said Kwankwaso once reached out with suggestions on solutions for the North, but he rejected the idea, accusing him of failing the region when it mattered most.

He also claimed that Kwankwaso’s participation in the last general election weakened the North’s political influence, especially with other major contenders in the race.

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“Adasobo Festival Lights Up Kishi As Hunters Display Courage, Tradition And Unity”.

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The ancient town of Kishi in Irepo Local Government Area of Oyo State came alive on Monday as indigenes and visitors gathered to celebrate the centuries-old Adasobo Festival, a cultural event deeply tied to the identity and heritage of the people.....KINDLY READ THE FULL STORY HERE▶

The festival, which attracts sons and daughters of Kishi from across Nigeria and the diaspora, is marked by traditional rites, symbolic performances, and communal gatherings that reflect the town’s rich cultural history.

During a visit by our correspondent on April 20, 2026, key locations such as the palace of the Iba of Kishi and Ansarudeen School—situated near the town’s market and serving as major festival grounds—were filled with activity. Chiefs, elders, and residents all gathered in colourful traditional attire to observe the rituals and pay homage to the monarch.

Royal Presence And Cultural Celebration

The Iba of Kishi sat in state as traditional chiefs and subjects paid homage in line with long-established customs. The palace courtyard was filled with drumming, chants, and cultural performances that entertained the gathering.

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The monarch and his wife were seen enjoying the festivities while awaiting the return of hunters who had gone into the forest as part of the festival’s traditional rites.

Speaking on the significance of the event, the Laha of Kishi land, Dr Yusuf Adeleke Ibrahim, described the Adasobo Festival as a strong symbol of unity and identity for the people.

He explained that the hunters’ expedition into the forest and the presentation of their catch form a key part of the tradition, with rituals performed upon their return.

According to him, the festival is not only a celebration but also a reminder of ancestral roots and communal bonds.

Another traditional leader added that the festival helps younger generations reconnect with their heritage at a time when modern influences are gradually affecting cultural practices.

Hunters’ Return Highlights Festival

A major highlight of the celebration was the return of local hunters from the surrounding forests with animals they had successfully hunted. Their arrival was met with excitement as residents lined the streets to welcome them.

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The display of the hunted game is symbolic, representing courage, skill, and the historical importance of hunting in the community’s way of life.

Beyond its cultural significance, the festival also boosted social and economic activities in the town, with traders, food vendors, and artisans recording increased patronage as visitors thronged the area.

Reunions, music, and celebrations filled the streets as families and friends came together for the occasion.

Grand Finale Ahead

Dr Ibrahim also announced that the grand finale of the Adasobo Festival will take place on Saturday, with dignitaries and neighbouring communities expected to attend.

Residents expressed anticipation for the closing ceremony, which is expected to feature more elaborate cultural displays and larger crowds.

For the people of Kishi, the Adasobo Festival remains more than a cultural event—it is a living tradition that preserves their history, celebrates their identity, and strengthens their unity.

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