TNB Tech Minute: Tesla Shareholders Approve Record-Setting Pay for Elon Musk
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 6 November 2025
⏱️ 3 minutes
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| 0:00.0 | Sean has had some good ideas over the years, but using Canva was a really good one. |
| 0:08.0 | Sean designed some social posts to promote his friend's car boot sale. |
| 0:13.0 | They looked good, really, really good. |
| 0:17.0 | Next thing he knows, someone came and bought the loft, including the car. |
| 0:24.5 | Now Sean doesn't know how he's going to get home. |
| 0:28.0 | Thanks, Canva. |
| 0:31.3 | Here's your afternoon, TNB Tech Minute for Thursday, November 6th. |
| 0:35.8 | I'm Julie Chang for the Wall Street Journal. |
| 0:38.4 | Tesla shareholders have approved a record-setting pay package for CEO Elon Musk, a plan designed |
| 0:44.8 | to motivate the world's richest man with as much as $1 trillion in additional stock. |
| 0:50.4 | Musk had threatened on social media to leave Tesla if the package didn't pass. The measure was |
| 0:55.8 | hotly debated. Tesla's board described the package as pay for performance. It includes 12 chunks of |
| 1:01.8 | stock and could give Musk control over as much as 25% of Tesla if he hits a series of milestones |
| 1:08.4 | and expands the company's market capitalization to $8.5 trillion |
| 1:12.7 | over the next 10 years. Its market cap is now around $1.5 trillion. |
| 1:18.9 | OpenAI CEO Sam Altman has said the company doesn't want federal guarantees for a data center |
| 1:24.7 | nor a bailout if it fails. Altman posted on X today to clarify comments |
| 1:29.8 | made by OpenAI CFO Sarah Fryer at the Journal's Tech Live conference yesterday. Friar had said that |
| 1:35.8 | the startup is hoping for an ecosystem of banks, private equity, and perhaps the federal government |
| 1:41.0 | to support its efforts. Friar later clarified on LinkedIn that OpenAI isn't seeking a guarantee for its |
| 1:47.9 | infrastructure commitments, but was talking about a broader framework to support an industry-wide |
| 1:52.8 | buildout. |
... |
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