Tesla CEO and the world’s richest man, won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The package approval can make Musk the world's first trillionaire.
After the approval, Musk said, "I super appreciate it" while thanking Tesla investors and the board for extending full confidence in him. Notably, Musk does not draw any salary like traditional CEOs and instead receives compensation entirely through stock options. The approved package will allow up to 423.7 million Tesla shares to be granted in the next 10 years which at peak valuation could translate into almost USD 1 trillion if Tesla hits a market cap of USD 8.5 trillion.
