Reported about 8 hours ago
Tesla shareholders have overwhelmingly approved CEO Elon Musk’s pay package, which could elevate him to the status of the world's first trillionaire. Approved at over 75% during an annual meeting, the package consists of stock grants that could yield him 423.7 million additional shares over ten years, contingent on Tesla achieving an $8.5 trillion market cap and meeting certain operational targets. While Musk currently holds no salary, the total payout could be equivalent to $275 million daily. Despite recent challenges facing Tesla, Musk remains optimistic about future ventures, including self-driving cars and humanoid robots.
Source: YAHOO