Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Deal Amid Skepticism
Tesla shareholders overwhelmingly approved Elon Musk’s record-breaking pay package, potentially worth nearly $1 trillion. The deal requires Musk to significantly increase the electric car firm’s market value and meet other targets over a decade to earn hundreds of millions of new shares. While the payout’s scale has faced criticism, the board argued it was necessary to retain Musk’s leadership. After the approval, Musk emphasized future ventures like the Optimus robot, potentially shifting focus from electric vehicles and full-self driving.
John Q. Hosedrinker