Tesla Investors Back Elon Musk's Path To Becoming First Trillionaire

Tesla shareholders have overwhelmingly approved a staggering pay package for CEO Elon Musk that could be worth up to $1 trillion, setting him on a path to potentially become the world’s first trillionaire (unless Bezos gets there first). The vote, which garnered more than 75% support at the company’s annual meeting in Austin, Texas, was not just about money; it was an endorsement of Musk’s audacious vision to transform the electric vehicle maker into a global leader in artificial intelligence and robotics, a transformation the board argued could not happen without him at the helm.

The compensation, which takes the form of stock options granted over the next decade, is fully performance-based, meaning Musk will receive nothing unless Tesla achieves a series of targets that financial experts consider improbable. To unlock the full potential, Musk must increase the company’s market capitalization nearly six-fold from its current ...