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 awarded CEO Elon Musk an interim pay package of 96 million shares, valued at approximately $29 billion, which will vest in two years contingent on his position. This comes amid ongoing legal battles regarding Musk's previous compensation and challenges facing Tesla, including declining sales and Musk's controversial political activities. Tesla's stock rose over 2% on the news, despite the company's weakened earnings report.