Tesla Shareholders Approve $1T Package for Musk

Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history.

That was after investors endorsed his plan of morphing the EV maker into an AI and robotics juggernaut.

The vote was crucial for Tesla's future and its valuation, which hangs on Musk's vision, even though his far-right political rhetoric has hurt the Tesla brand this year.

Musk, already the world's richest person, could get as much as $1 trillion in stock over the next decade, netting $878 billion after required payments.

Musk bounded to the stage of the company's annual meeting in Austin, Texas, accompanied by dancing robots.

Goals for Musk over the next decade include the company delivering 20 million vehicles, having 1 million robotaxis in operation, selling 1 million robots and earning as much as $400 billion in core profit.

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