Tesla shareholders approve mega-reward plan for Elon Musk, he will receive USD 1 trillion

Elon Musk could receive USD 1 trillion over the next 10 years - the largest package in the history of corporate governance. The proposal was supported by more than 75% of Tesla shareholders at a meeting in Texas, Reuters reports.

"We are not just starting a new chapter - it is a new book in the history of Tesla," said Musk, who took the stage to applause and accompanied by dancing robots.

The company's plans include the launch of the Cybercab self-driving taxi in April, a new Roadster and the construction of a "giant AI chip factory."

To receive the full amount, Tesla's market capitalization must grow from USD 1.5 trillion to USD 8.5 trillion. It is worth noting that after the vote, the company's shares increased by 1.6%, and since the beginning of the year - by 10.4%.

As previously reported, Elon Musk was the first in the world to accumulate USD 500 billion in wealth.