Wall Street reacts to Musk's $1 trillion pay plan approval by Tesla investors

Core Viewpoint - Tesla CEO Elon Musk has received shareholder approval for a historic pay package potentially worth up to $1 trillion over the next decade, contingent on achieving significant performance milestones [1][2]. Group 1: Shareholder Approval and Pay Package Details - The proposal was approved with over 75% support from shareholders at Tesla's annual meeting [1]. - Musk's pay package is tied to ambitious targets, with the potential for shareholders to benefit significantly if these goals are met, potentially leading to an $8.5 trillion company valuation [1][4]. Group 2: Analyst Perspectives - Analysts express mixed views on the pay package, with some highlighting the alignment of Musk's compensation with shareholder value creation, as he earns nothing unless he delivers substantial results [1][2]. - Concerns about "key man risk" are noted, but the prevailing sentiment among investors is that Musk's unique capabilities justify the package [2][3]. - The performance-based nature of the stock options means that the financial burden of the pay package is not immediate, allowing for a focus on long-term growth [3].