Tesla shareholders have overwhelmingly approved a historic compensation plan for CEO Elon Musk. This approval moves Musk closer to becoming the world's first trillionaire.
The pay package supports Musk's long-term goal to transform Tesla into a leading company in artificial intelligence and robotics.
On the day of the approval, Tesla's stock price experienced a slight decline despite the positive vote.
This endorsement supports Musk's ambitious vision for Tesla's transformation into an AI and robotics leader, despite a slight dip in the company's stock price on the approval day.
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Author’s summary: Tesla’s new pay plan for Elon Musk highlights his bold vision to steer the company into AI and robotics dominance, even as stock fluctuates.