Reported about 2 hours ago
Tesla shareholders have approved CEO Elon Musk's compensation package, potentially valued at $1 trillion, during a general meeting in Austin, Texas, with over 75% voting in favor. This package includes 12 stock option tranches linked to aggressive performance targets. While Musk holds a 13% stake, he has not received a salary for years amid legal disputes over his prior pay package. Despite some opposition from major investors, the overall sentiment among Tesla's shareholders supports the new package to keep Musk motivated in his role.
Source: YAHOO