Tesla shareholders approve paying tycoon Elon Musk a record amount of almost a trillion dollars

Musk would receive up to $1 billion in stock, but would have to make some payments to Tesla. Specifically, shareholders have approved a salary package of 878 billion dollars for invest over the next decade, as detailed Reuters.

The board thus supports his vision of transforming the electric vehicle manufacturer into an artificial intelligence and robotics giant and prevents him from leaving, since shareholders suspected that Musk could resign if the salary package was not approved.

The magnate intends to promote projects such as vehicles drive themselvesexpand the robotaxis throughout the United States and sell humanoid robotseven though his far-right political rhetoric has hurt the Tesla brand this year.

Musk’s goals for the next decade also include delivering 20 million vehicles, selling one million robots and making up to $400 billion in operating profits.

However, for the CEO to be able to collect, the value of Tesla shares must increase in parallel, first from the current $1.5 trillion to $2 trillion, and finally to $8.5 trillion.

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