Tesla Shareholders Greenlight Elon Musk’s $1 Trillion Pay Package
Tesla’s shareholders have given the thumbs up to a massive compensation plan for CEO Elon Musk, potentially worth up to $1 trillion. The vote happened at the company’s annual general meeting on Thursday, with about 75% of participants in favor. This decision comes after Musk hit tough performance goals tied to the company’s growth.
The package rewards Musk with stock options if Tesla keeps boosting its market value and hits key targets like sales and profits. It’s a huge win for the tech leader, who already tops the list of the world’s wealthiest people. Supporters say it keeps Musk focused on making Tesla a leader in electric cars and clean energy.
Not everyone agrees, though. Some investors worry the deal gives too much power to one person and might not help smaller shareholders. But the strong vote shows most back Musk’s vision for the future. Tesla’s stock jumped a bit after the news, as people bet on more big moves ahead.
This approval wraps up a long fight over Musk’s pay. It started years ago with a similar plan, but courts stepped in before. Now, with this fresh okay, Tesla can push forward without distractions. Experts watch closely to see if it sparks even faster innovation in the auto world.
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