Elon Musk's $1 Trillion Tesla Pay Deal

Tesla shareholders have given their approval to an unprecedented pay package for CEO Elon Musk, potentially worth nearly $1 trillion. The deal, approved by 75% of votes, was met with enthusiastic applause at the company's annual general meeting.

To earn this extraordinary compensation, Musk must significantly increase Tesla's market value over the next decade and meet various performance targets. If successful, he will be rewarded with hundreds of millions of new shares.

The scale of the potential payout has faced criticism, but Tesla's board argued it was necessary to retain Musk's leadership. Following the announcement, Musk expressed his excitement, stating, 'What we're about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book.'

Key milestones for Musk include raising Tesla's market value to $8.5 trillion and deploying one million self-driving Robotaxi vehicles. However, some analysts are concerned about Musk's focus on projects like the Optimus robot rather than revitalizing Tesla's core electric vehicle business.