Elon Musk's $1 trillion Tesla pay plan wins shareholder approval


FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo

SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.

The proposal was approved with over 75% support, and Musk bounded to the stage of the company's annual meeting at its factory in Austin, Texas, accompanied by dancing robots.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Exclusive-Google works to erode Nvidia's software advantage with Meta's help
Brazil to get satellite internet from Chinese rival to Starlink in 2026
US gaming platform Roblox pledges changes to get Russian ban lifted
Oracle's $10 billion Michigan data center in limbo after Blue Owl funding talks stall, FT reports
Coursera to buy Udemy, creating $2.5 billion firm to target AI training
Factbox-By the numbers: How the Netflix and Paramount bids for Warner Bros stack up
Warner Bros Discovery board rejects rival bid from Paramount
Analysis-Qatar bets on cheap power to catch up in Gulf AI race
Analysis-Crypto investors show caution, shift to new strategies after crash
OpenAI’s ChatGPT updated to�make images better and faster

Others Also Read