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.

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.

Elon Musk may leave Tesla if his proposed $1 trillion pay package is rejected, according to Chair Robyn Denholm. She emphasized Musk's critical role in the company's success and stated that the performance-based plan is essential to align his incentives with shareholder interests and long-term growth.