Tesla shareholders approve $1 trillion compensation for Elon Musk

Tesla shareholders approved a historic pay package for CEO Elon Musk, potentially worth up to $1 trillion over 10 years, contingent on meeting ambitious benchmarks like selling 1 million humanoid robots. Over 75% of shareholders supported the deal, which Musk celebrated at the annual meeting. Despite challenges to Tesla’s brand, Musk aims to revitalize the company through robotics and autonomous vehicles, while maintaining substantial control as its largest shareholder. The agreement requires him to remain CEO for 7½ years and achieve specific operational milestones, but it has faced some opposition due to concerns about share dilution.

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