Tesla Shareholders Approve Musk's $1T Pay Package

Tesla shareholders approve massive pay package for Elon Musk, potentially worth up to $878 billion over the next decade, signaling strong support for his ambitious plans to transform the company beyond electric vehicles into a leader in AI and robotics. This approval is seen as positive for Teslas stock, despite some concerns about Musks political statements. Musk was able to use full voting power of his stake after Tesla moved its legal base to Texas, bypassing a previous legal challenge. The board and many investors believe this nearly one trillion dollar package will ultimately benefit shareholders, as Musks compensation is tied to Tesla achieving significant milestones over the next ten years. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.