10:59 AM EST, 11/05/2025 (MT Newswires) -- Tesla's (TSLA) CEO Elon Musk will likely get "overwhelming shareholder approval" at the company's annual meeting for a proposed $1 trillion pay package, Wedbush said in a note Wednesday.

The investment firm said it expects the proposed pay package to be cleared despite opposition from several shareholders and ISS.

Wedbush said the move will likely "send a loud and clear message to Elon being 'wartime CEO' during this most important chapter of growth in Tesla's history as the AI Revolution is here."

The proxy also calls for the company's shareholders to approve an investment in xAI to support Tesla's AI capabilities, Wedbush said.

The investment firm noted the proposed pay package "challenges Musk to reach an even higher bar across multiple aspects of the business" like new adjusted EBITDA milestones, as well as the launch of new products, including 1 million robotaxis in commercial operation and 1 million Optimus robot deliveries.

Wedbush maintained Tesla's outperform rating and $600 price target.

Price: 446.54, Change: +2.28, Percent Change: +0.51