Tesla Shareholders Approve Musk Pay Package

More than 75% of the shareholders approved the compensation package.

Tesla shareholders have approved a deal that could eventually make Elon Musk the first trillionaire ever.

More than 75% of the shareholders approved a compensation package that could grant the tech entrepreneur nearly $1 trillion over the next decade.

Full compensation would only be delivered if Musk vaults the company from its present value of $1.1 trillion to $8.5 trillion. That figure that surpasses the current combined market values of Meta, Microsoft, and Google-parent Alphabet.

The package also includes a set of production goals. If carried out, the move would make Musk the best-compensated CEO ever recorded.