Elon Musk's $1 Trillion Pay Package Approved by Tesla Shareholders
Tesla shareholders have approved a historic compensation plan for CEO Elon Musk, potentially making him the world's first trillionaire. The $1 trillion package surpasses the GDP of countries like the Netherlands, Saudi Arabia, and Switzerland.
Details of the Approval
On Thursday, November 6, more than 75% of Tesla shareholders voted in favor of the unprecedented pay plan, marking the largest corporate payout in history. The approval took place in Austin, Texas, during a lively meeting.
“I’d like to just give a heartfelt thanks to everyone who supported the shareholder votes. I super-appreciate it.”
“What we’re about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book. Other shareholder meetings are snoozefests but ours are bangers. This is sick.”
Significance and Reaction
Amid chants of “Elon, Elon,” Musk celebrated with the company’s Optimus robots, highlighting the transformative potential of this new phase for Tesla.
What Could Musk Do With $1 Trillion?
- Eliminate world hunger
- Buy 2,000 superyachts
The enormous sum opens possibilities far beyond personal wealth, positioning Musk to impact the world in unprecedented ways.
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