Tesla shareholders have overwhelmingly approved a compensation package for CEO Elon Musk that could be worth as much as $1 trillion in company shares.
Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as $878 billion over the next decade, endorsing his vision of morphing the EV maker into an AI and robotics juggernaut.
Musk had threatened to leave Tesla if the record-setting package didn't pass.
Shareholders approved a plan to grant Mr. Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company's stock market valuation.
Tesla has warned that Elon Musk could step down as CEO if his payday isn't approved, and analysts say investors are likely to grant him what he wants.
Tesla shareholders are hours away from deciding the fate of Elon Musk's $1 trillion pay package. Tesla's annual shareholder meeting kicks off Thursday afternoon at 4 p.m.
Tesla shareholders will decide on CEO Elon Musk's $1 trillion pay package, which is tied to ambitious market cap goals and company milestones over a decade.
Tim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss Tesla's annual meeting today, fate of CEO Elon Musk's $1 trillion pay package, what happens if the pay package is not approved, Tesla's valuations, and more.
Tesla shareholders will decide on Thursday whether to pay CEO Elon Musk up to $878 billion, the richest executive pay in history by a long shot.
The fate of Tesla—or, at least, the answer to the question of whether its chief Elon Musk stays or walks—could rest on today's shareholder vote.
Tesla shareholders will determine on Thursday the fate of a massive pay package meant to retain Elon Musk long enough to achieve technological breakthroughs he vows will change the world.
The countdown is nearly over. Later on Thursday, Tesla Inc (NASDAQ:TSLA) shareholders gather in Austin for what could be one of the most consequential votes in the company's history, a meeting that pits Elon Musk's towering ambitions against growing unease over power, pay, and priorities.