SAN FRANCISCO — Tesla CEO Elon Musk has received shareholder approval for the largest pay package in corporate history. Over 75% of investors voted in favor of the plan during the company’s annual meeting in Austin, Texas, where Musk celebrated on stage alongside dancing robots.
The deal could give Musk up to $1 trillion in Tesla stock over the next decade, though the actual value after certain payments would be about $878 billion.
The vote marks a major show of support for Musk’s vision to turn Tesla into a leader in artificial intelligence and robotics. He aims to build self-driving cars, a robotaxi network, and humanoid robots.
However, Musk’s controversial political statements have recently damaged Tesla’s public image, making the company’s future success closely tied to whether his ambitious tech goals can win back investor and customer confidence.
