Jack Dorsey Supports Elon Musk's $1 Trillion Pay Proposal

Jack Dorsey, co-founder and former CEO of Twitter, has expressed his support for the proposed $1 trillion pay package for Tesla's Chief Executive Officer, Elon Musk. This endorsement comes as Tesla prepares for its annual general meeting (AGM) scheduled for today, 6 November. A significant item on the agenda is this ambitious compensation plan for Musk, which was initially suggested in September 2025.

In a post on the social media platform X, Dorsey stated, "this is not about compensation. it's about ensuring a principled (and exciting!) engineering approach to the company’s future." His comment referenced a previous announcement from Tesla, dated 18 September, which outlined the critical need for shareholder support ahead of the AGM.

The earlier post from Tesla declared, "Tesla is at a critical inflection point. We need your vote ahead of our 2025 Annual Meeting on November 6. Tesla shareholders, the owners of our company, will soon receive their control numbers and voting instructions from their brokers. This will enable you to vote. We are asking you to vote with the Board’s recommendations on all proposals. Tesla is on the precipice of another massive wave of transformational growth, as demonstrated by the unveiling of our Master Plan Part IV. If you believe, like us, that @ElonMusk is the CEO that can make this ambitious vision a reality, vote your shares."

Elon Musk, in response to Dorsey's endorsement, acknowledged his support with a heart emoji, signalling appreciation for the backing from his fellow tech pioneer.

The proposed $1 trillion compensation package marks a substantial increase compared to Musk's previous pay arrangement from 2018, estimated to be around 18 times larger. In a filing with the United States Securities and Exchange Commission (SEC), Tesla noted that traditional executive compensation structures were deemed unsuitable for Musk's incentive plan.

The new proposal includes specific performance targets that must be met for Musk to receive the full compensation. These requirements stipulate that there must be 10 million active subscriptions to Tesla's Full Self-Driving (FSD) technology, as well as one million Tesla robotaxis operational on the roads. The SEC filing explained that FSD refers to an advanced driving system capable of performing transportation tasks autonomously under certain driving conditions.

As Tesla stands on the verge of what it describes as a transformative growth period, the outcome of today’s AGM and the shareholders' votes will be closely monitored, both within the industry and by financial analysts. The results will not only impact Musk's potential earnings but also set the trajectory for Tesla's future direction in the electric vehicle market and beyond.