Tesla shareholders approved an epic $1 trillion pay package for Elon Musk on Thursday – after the mercurial boss threatened to leave the company if he didn’t get it.
The eye-popping compensation is the largest on record and could make Musk the world’s first trillionaire — although he’ll first have to hit a series of performance targets that stretch across the next decade. The 54-year-old is already the world’s richest person with a fortune of $490.1 billion, according to Forbes.
Stock will be awarded to Musk in a set of 12 tranches. He would receive his first round of stock if Tesla hits a $2 trillion valuation and delivers 20 million vehicles. He gets another tranche if Tesla reaches a market capitalization of $3 trillion and delivers 1 million of its “Optimus” humanoid robots.
If Tes

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