Tesla Approves Musk's Potential Trillion-Dollar Payday

Core Points - Tesla shareholders approved a compensation package for CEO Elon Musk that could be worth close to $1 trillion, with over 75% voting in favor of the plan [1][2] Group 1: Compensation Package Details - The approved payment package will grant Musk more than 423 million additional shares, increasing his stake to about 25% if Tesla meets specific goals over the next decade [2] - For Musk to receive the full compensation, Tesla's market capitalization must increase from $1.5 trillion to $8.5 trillion within 10 years, alongside achieving targets such as selling 12 million more cars and operating 1 million Robotaxis [3] Group 2: Support for Musk's Pay Package - Tesla chair Robyn Denholm indicated that Musk may leave the company if the plan was denied, suggesting that Tesla would lose significant value without him [4] - Support for Musk's compensation plan came from various stakeholders, including Counterpoint Global and the Florida State Board of Administration, emphasizing that Musk's leadership has led to substantial success and shareholder returns [4]