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Evening Standard
Evening Standard
Technology
Georgia Bell

Elon Musk reacts to $1trillion pay deal approved by Tesla shareholders: 'Time to pull a LOT of rabbits out of the bag'

Elon Musk Tesla Inc. United States XAI

At a glance

  • Elon Musk has secured shareholder approval for the largest corporate pay package in history, potentially worth up to $1 trillion in stock over the next decade
  • Backed by 75% of Tesla shareholders, the plan ties Musk’s payout to ambitious goals, including expanding into AI, robotics, and a U.S. robotaxi network
  • The vote restores investor confidence after months of controversy over Musk’s political comments, though critics warn the deal is risky and lacks strong board oversight

Elon Musk has a shot at becoming the first-ever trillionaire.

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