Tesla Shareholders Approve Elon Musk Pay Package That Could Be Worth $1 Trillion

Core Points - Tesla shareholders approved a $1 trillion compensation package for CEO Elon Musk, marking the largest payout ever for a corporate leader [1] - Over 75% of the votes favored the compensation package, despite advisory firms recommending a no vote [2] - The compensation spans ten years and is divided into 12 tranches based on operational and financial milestones [3] Voting Dynamics - Institutional and retail investors overwhelmingly supported the compensation package, contrary to the advisory firms' recommendations [3] - A shareholder proposal for Tesla to invest in Elon Musk's AI was also favored, although it faced some abstentions and was a non-binding vote [4]