SAN FRANCISCO >> Tesla CEO Elon Musk scored a resounding victory today as shareholders approved a pay package of as much as $878 billion over the next decade, endorsing his vision of morphing the EV maker into an AI and robotics juggernaut.

Shares of Tesla rose more than 3% in after-hours trading. The proposal was approved with over 75% support. Shareholders also reelected three directors on Tesla’s board and voted in favor of a replacement pay plan for Musk’s services because a legal challenge has held up a previous package.

The vote, analysts have said, is a positive for Tesla’s stock, whose valuation hangs on Musk’s vision of making vehicles drive themselves, expanding robotaxis across the U.S. and selling humanoid robots, even though his far-right political rhetoric has hurt the Tesl

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