Tesla’s $1 trillion, 10-year pay package for CEO Elon Musk is set to be approved by shareholders. Musk will receive 96 million shares worth $31 billion, with a total compensation package estimated at $113 billion by 2025. The package aims to keep Musk at Tesla and transform the company into an AI and robotics powerhouse.

The compensation committee negotiated Musk’s pay package over seven months, addressing his desire for control over Tesla’s future and compensation for a previous package in litigation. Musk threatened to leave, prompting concerns about Tesla’s AI talent leaving with him. The $31 billion in restricted shares is partial payback for a voided 2018 pay plan.

Shareholder approval is expected for the record-breaking pay plan, with legal challenges possible. Critics voice concerns over excessive compensation and governance standards. Musk’s potential 25% ownership stake could make Tesla the world’s most valuable company. Some investors oppose the package, citing better uses for the funds and questioning Musk’s worth.

Tesla’s shares closed up 3.6% at $350.84, with concerns about its EV business and competition. The board’s move to retain Musk raises questions about governance and value. Despite Musk’s visionary status, questions linger about the pay plan’s justification amid Tesla’s challenges. Investors are wary of the company’s performance and future direction.

Read more at Yahoo Finance: Tesla’s ‘Super Ambitious’ $1 trillion deal for Musk could still pass shareholder muster