Tesla Shareholders Approve Musk’s $1 Trillion Pay: Outrage and Skepticism Abound
Tesla shareholders have approved a compensation package for Elon Musk that could potentially make him the world’s first trillionaire. The package, approved by over 75% of the votes cast, would grant Musk up to 423.7 million additional shares over the next decade if the company achieves specific operational and financial targets. To receive the full payout, Tesla’s market capitalization needs to reach $8.5 trillion. This award comes as Musk shifts the company’s focus towards self-driving cars and humanoid robots, despite facing current financial challenges.
John Q. Hosedrinker