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International Business Times UK
International Business Times UK
World
Mycah Puno

Elon Musk's Signed $1 Trillion Package Could Buy Half the World — Here's How

Elon Musk Tesla Inc. United States Robyn Denholm CocaCola Toyota Unilever
Elon Musk, the world's richest person. (Credit: AFP News)

KEY POINTS

  • Tesla shareholders approve historic $1 trillion package — 75% of investors backed Musk's performance-based pay deal, the largest executive plan in history
  • The full award only materialises if Tesla hits an $8.5 trillion market valuation and specific production and profitability milestones

Tesla shareholders have officially approved a staggering $1 trillion (£820 billion) compensation package for CEO Elon Musk, making it the largest executive payout in corporate history. The vote, which passed with 75% in favour, was held at the company's annual meeting in Austin, Texas.

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