TechFlow news, on November 7, Tesla shareholders approved CEO Elon Musk's compensation package worth approximately $1 trillion with over 75% support, marking the largest executive pay package in corporate history. The plan sets an ambitious goal for Musk to increase Tesla's market capitalization to $8.5 trillion over the next decade while raising his personal ownership stake to 25% or higher. Despite opposition from some investors and proxy advisory firms such as Norges Bank Investment Management, who expressed concerns that the package's size could dilute other shareholders' interests, it was overwhelmingly passed. Musk must achieve a series of objectives, including growing Tesla's market value, revitalizing its automotive business, and advancing robotaxi and robotics operations. If all targets are met, Musk's stake in Tesla could be worth around $2.4 trillion, potentially making him the world's first trillionaire.
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