Shareholders Approve Elon Musk’s $1 Trillion Pay Package

Tesla shareholders approved CEO Elon Musk’s nearly $US1 trillion pay plan with 75% support, despite recommendations against it from proxy advisors. The plan grants Musk additional shares tied to specific milestones over the next decade, potentially increasing his stake from 13% to 25%. Key goals include reaching a $US2 trillion market cap and delivering 20 million vehicles. The approval follows a court ruling that invalidated Musk’s previous pay plan, currently under appeal.

Want More Context? 🔎