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'$1,000,000,000,000'

Tesla approves Musk's $1 trillion pay package

SUMMARY

Tesla shareholders approved a pay package for CEO Elon Musk that could make him the world's first trillionaire. Over 75% voted in favor at the annual meeting. Musk does not take a salary, but the package includes a stock grant of up to 423.7 million shares over the next 10 years.

These shares could be worth about $1 trillion if Tesla reaches an $8.5 trillion market cap. This would require a 466% increase in share price.

Achieving this goal would mean Musk earns around $275 million daily, surpassing any executive pay package previously recorded.


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