Tesla shareholders approved Elon Musk’s compensation package potentially worth $1 trillion if Tesla meets targets over the next decade. The plan passed with over 75% support. Musk’s award is in equity and tied to operational and valuation milestones. Major investors opposed the deal, but shareholders approved it. Musk must meet various goals to earn the stock, including delivering 20 million vehicles. The approval also included moving to annual board elections and investing in Musk’s AI startup xAI. Investor support reflects confidence in Tesla’s future beyond autos.

Read more at Yahoo Finance: Tesla Shareholders Approve Elon Musk’s Record $1 Trillion Pay Package