Tesla shareholders approved Elon Musk's unprecedented pay package, which could net him up to $1 trillion in stock. Over 75% of votes supported the plan during a meeting at Tesla's Austin headquarters, where Musk expressed optimism about the company's future.

The Delaware Supreme Court ruled in favor of Elon Musk's 2018 pay package, allowing him to receive the full $139 billion compensation after a lengthy legal dispute. The court overturned a Chancery Court decision that had found the approval process for the pay deal lacked transparency and fairness. The ruling emphasized that rescinding such an agreement is an extreme measure.

Tesla's board has proposed a pay package for Elon Musk that could amount to $1 trillion over the next decade, contingent on the company achieving specific market capitalizations and business milestones. If approved, the deal would grant Musk an additional 12% stake in Tesla, significantly increasing his current holdings and aligning his incentives with long-term shareholder value.

Tesla's chair expressed uncertainty regarding the approval of Elon Musk's controversial pay package, highlighting concerns from shareholders and the potential implications for the company's governance. The situation is complicated by ongoing discussions about executive compensation and company performance metrics.