Musk’s $1 Trillion Tesla Pay Package Gets Shareholder Approval
Tesla shareholders have approved a monumental compensation package for CEO Elon Musk, potentially worth up to $1 trillion in stock over the coming decade. This endorsement solidifies investor confidence in Musk’s strategy to transform Tesla from an electric vehicle manufacturer into a dominant force in artificial intelligence and robotics.
The proposal received strong backing, passing with over 75% of shareholder votes. While the package could reach a theoretical $1 trillion valuation, required payments are expected to adjust the final value to approximately $878 billion.
This approval comes despite Musk already holding the title of world’s richest person, signaling shareholders’ belief that his continued leadership is crucial for Tesla’s ambitious technological expansion.
