Elon Musk's $1 Trillion Pay Package Approved by Tesla Shareholders
Tesla shareholders made history by approving an unprecedented pay package for CEO Elon Musk, potentially making him the world’s first trillionaire. The compensation plan, valued at $1 trillion, was endorsed by over 75% of shareholders on November 6.
The Scale of the Payout
This staggering figure, $1 trillion, exceeds the GDP of countries such as the Netherlands, Saudi Arabia, and Switzerland. It represents a sum with one followed by twelve zeroes, highlighting its immense size.
What This Means for Musk
The plan not only cements Musk’s position as the world’s richest person but also sets the stage for the largest corporate payout in history. This milestone raises questions about what Musk could do with such wealth.
Shareholder Meeting Atmosphere
During the shareholder meeting in Austin, Texas, attendees chanted “Elon, Elon” in support of the new pay package.
“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.”
Celebration and Future Outlook
Elon Musk celebrated alongside Tesla’s Optimus robots, expressing enthusiasm for the company’s future and the beginning of a transformative era.
Author’s summary: Tesla shareholders approved Elon Musk’s $1 trillion pay package, marking the largest corporate payout ever and highlighting a bold new chapter for the company’s future.