In a groundbreaking vote, Tesla shareholders have approved a staggering $1 trillion pay package for CEO Elon Musk, positioning him to potentially become the world's first trillionaire within the next decade.
Musk's unprecedented compensation plan is tied to ambitious performance milestones, including delivering 20 million vehicles annually and achieving 10 million active Full Self-Driving subscriptions.
With more than 75% support from shareholders, the decision underscores a strong commitment to keeping Musk at the forefront of Tesla's innovation, especially in artificial intelligence and robotics.
Despite some resistance from major investors, including Norway's sovereign wealth fund, the overwhelming backing highlights confidence in Musk's leadership and vision for the company's future growth.
This extraordinary compensation package has ignited discussions about wealth disparity and executive pay in corporate America, particularly in an era where many are struggling financially.
As analysts caution about the challenges ahead for Tesla in meeting these lofty targets, the approval marks a historic moment in corporate governance, setting a new precedent for executive remuneration.
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