PALO ALTO, California -- Tesla shareholders approved a pay package worth nearly $1 trillion for CEO Elon Musk at their annual meeting Thursday, to be paid in stages if the tech billionaire can help lead the company reach an $8.5 trillion market capitalization -- along with other operational targets -- over the next decade.
Electric vehicles
Tesla shareholders approve $1tn award for Musk, if targets are met
Milestones include $8.5tn market cap and 20m vehicles delivered
Tesla's shareholders have approved a new performance award plan for CEO Elon Musk. © Reuters
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