According to MarketWatch data, Tesla’s stock fell 4.8% to an intraday low of $424.48 during early trading on Wall Street, compared to the previous close of $445.91. By 10:19 a.m. (EDT), shares were trading 2.78% lower at $434.33.
Earlier, Mint reported that on November 6, 2025, Tesla shareholders approved CEO Elon Musk’s record-breaking $1 trillion pay package at the company’s annual meeting in Austin, Texas. The package, backed by 75% of shareholders, aims to retain Musk’s leadership as Tesla expands its artificial intelligence and robotics ventures. Musk expressed gratitude to shareholders for their support.
The compensation plan ties Musk’s payout to Tesla reaching an $8.5 trillion market capitalization, starting with $2 trillion and progressing through 12 milestones.
Over the past five years, Tesla shares have surged nearly 198%, with a 44% gain in the last year. Year-to-date in 2025, the stock is up 12.8% but has dropped 1.16% in the past month and 5.99% over the last five sessions. Tesla’s market cap was ₹1.48 trillion as of November 7, 2025.
