Elon Musk Loses $10 Billion After Tesla Approves Trillion-Dollar Pay Deal. Here's Why.

ToplineTesla shares declined more than 3% on Friday, cutting CEO Elon Musk’s fortune by $10 billion after the automaker voted to approve a compensation plan that could award the world’s richest person $1 trillion over the next decade—a move derided by some analysts and shareholders. An overwhelming majority of Tesla shareholders approved a payment plan that could be worth $1 trillion for the world’s wealthiest person.Getty ImagesKey FactsShares of Tesla fell 3.6% to around $429.70 as of Friday afternoon, co ...