Tesla Shareholders Approve Massive Elon Musk Pay Package

Tesla shareholders approve massive pay package for Elon Musk, potentially reaching one trillion dollars, during a general meeting in Austin, Texas. The package includes twelve large tranches of stock options tied to performance targets, aiming to provide Musk with at least a twenty percent voting stake. Despite concerns from Norways sovereign wealth fund and other shareholders, the majority voted in favor. Additionally, shareholders re-elected three directors and approved investing in Elon Musks AI startup, xAI, with the board planning to review the proposal further.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.