Tesla outperforms Magnificent 7 stocks as the EV maker’s shareholders approved a $1 trillion compensation package for CEO Elon Musk. More than 75% of the votes cast were in favor of the unprecedented pay plan, the company said Thursday at its annual meeting. The pay agreement clears a path for Musk, the world’s richest person, to become the first-ever trillionaire and expand his stake in Tesla to 25% or more over the next decade. To achieve the full payout, he’ll have to deliver on targets to significantly expand Tesla’s market value, revive its flagging car business and get the fledgling robotaxi and Optimus robotics efforts off the ground.

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