WSJ Tech News Briefing: Tesla Shareholders Approve Record-Setting Pay for Elon Musk
Date: November 6, 2025
Host: Julie Chang, The Wall Street Journal
Episode Overview
This episode centers on the significant approval by Tesla shareholders of a record pay package for CEO Elon Musk, designed to incentivize long-term leadership and ambitious growth goals. The episode also covers major updates from OpenAI and Ford, providing key insights into ongoing developments in the electric vehicle market and broader tech industry policy discussions.
Key Discussion Points & Insights
1. Tesla Shareholders Approve Elon Musk's Record Pay Package
- Overview:
Tesla shareholders have passed a "record-setting" compensation plan for Musk, potentially worth as much as $1 trillion in stock. - Details:
- The package includes 12 chunks of stock, tied to ambitious performance milestones.
- If Musk meets all milestones, he could gain control over up to 25% of Tesla.
- Achieving these milestones would require Tesla to reach a market cap of $8.5 trillion over the next 10 years—up from its current $1.5 trillion.
- The board describes this as "pay for performance."
- Musk had previously threatened to leave Tesla on social media if the package wasn't approved, adding pressure to the vote.
- Memorable Quote:
- “Musk had threatened on social media to leave Tesla if the package didn’t pass.” (Julie Chang, 00:31)
2. OpenAI Clarifies Stance on Federal Support
- Overview:
Clarity around OpenAI’s position on government financial support, following statements from CFO Sarah Fryer at a recent tech event. - Details:
- OpenAI CEO Sam Altman posted on X, stressing the company is not seeking federal guarantees for a proposed data center nor a bailout if the venture fails.
- This clarification was needed after Fryer suggested OpenAI was looking for an ecosystem that might include federal involvement.
- Fryer later clarified on LinkedIn that she was referring to “a broader framework to support an industry-wide build out,” not specific guarantees for OpenAI.
- Memorable Quote:
- “Altman posted on X today to clarify comments made by OpenAI CFO Sarah Fryer at the Journal’s Tech Live conference yesterday.” (Julie Chang, 01:19)
3. Ford Considering the End of the F-150 Lightning Electric Truck
- Overview:
Breaking news on Ford’s potential exit from the electric pickup market, with the F-150 Lightning possibly being scrapped. - Details:
- Ford executives are in “active discussions” about discontinuing the F-150 Lightning, making it the first major EV casualty if it happens.
- Ford has incurred $13 billion in EV losses since 2023.
- Production for the Lightning was already paused last month due to an aluminum shortage.
- A final decision has yet to be made.
- Further coverage is promised in the following day’s podcast.
- Memorable Quote:
- “The move would make the money losing truck America’s first major electric vehicle casualty.” (Julie Chang, 02:08)
Notable Quotes
- On Musk's Pay:
- “A plan designed to motivate the world’s richest with as much as $1 trillion in additional stock.” (Julie Chang, 00:17)
- On Tesla's Market Cap Challenge:
- “If he hits a series of milestones and expands the company’s market capitalization to $8.5 trillion over the next 10 years...” (Julie Chang, 00:45)
- On OpenAI’s Funding Clarification:
- “OpenAI isn’t seeking a guarantee for its infrastructure commitments, but was talking about a broader framework to support an industry wide build out.” (Julie Chang, 01:46)
- On Ford’s F-150 Decision:
- “Ford has racked up $13 billion in EV losses since 2023. The company already paused production of the truck last month amid an aluminum shortage.” (Julie Chang, 02:17)
Timestamps for Important Segments
- Tesla Shareholders Approve Musk’s Pay Package: 00:13 – 1:07
- OpenAI Clarifies Federal Support Comments: 01:08 – 01:58
- Ford Considers Ending F-150 Lightning: 01:59 – 02:34
Tone and Language
The tone is concise, factual, and businesslike, typical of Wall Street Journal news briefings. The delivery is brisk, prioritizing clear communication of complex business developments in a manner accessible to both industry insiders and general listeners.
Summary
This TNB Tech Minute delivers rapid updates on three major stories in the tech world. Tesla’s shareholders give the green light to a historic compensation deal for Elon Musk, tying leadership and company growth together in an unprecedented way. Meanwhile, OpenAI distances itself from government funding speculation, and Ford weighs a decision that could mark the end of its flagship electric truck, signaling challenges ahead in the EV market. The episode provides listeners with concise, authoritative reporting on pivotal moments shaping technology and business.
