Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package

The world’s richest man was just handed a chance to become history’s first trillionaire.

Elon Musk won a shareholder vote that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade.

The vote followed weeks of debate over his management record at the electric car maker and whether anyone deserved such unprecedented pay, drawing heated commentary from small investors to giant pension funds and even the pope.

In the end, more than 75% of voters approved the plan as shareholders gathered in Austin, Texas, for their annual meeting.

“Fantastic group of shareholders,” Musk said after the final vote was tallied, adding “Hang on to your Tesla stock.”

The vote is a resounding victory for Musk showing investors still have faith in him as Tesla struggles with plunging sales, market share and profits in no small part due to Musk himself. Car