Musk's Monumental Payday: Tesla's Bold Future

Elon Musk secured a landmark pay package from Tesla shareholders, potentially earning up to $878 billion over the next decade. This move supports his vision for Tesla's expansion into AI and robotics. Despite political controversies, Musk's leadership aims to significantly boost Tesla's market value and production milestones.

Tesla's shareholders made a decisive move by approving a massive pay package for Elon Musk, potentially handing him $878 billion over the next ten years. This endorsement backs his ambitious plans to elevate the electric vehicle company into a leader in AI and robotics.

The shareholder vote, which enjoyed over 75% support, underscored confidence in Musk's future roadmap despite Tesla's brand facing challenges due to his controversial political stances. Musk's vision includes expanding self-driving capabilities, establishing a fleet of robotaxis, and selling humanoid robots.

While the decision faced opposition from major investors like Norway's sovereign wealth fund, proponents argue it aligns Musk's incentives with shareholders' long-term benefits. The pay relies on hitting milestones, such as vehicle production targets and significant stock appreciation, a strategy meant to drive Tesla's market value to new heights.

(With inputs from agencies.)