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Business Insider
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Shareholders and compensation consultants weigh in on Elon Musk's $1 trillion pay package after Tesla meeting

1. Tesla shareholders approved Musk's $1 trillion pay package contingent on performance metrics. 2. Large shareholders, including Norway's wealth fund, voted against the plan. 3. Musk must achieve high goals, including raising Tesla's market cap to $8.5 trillion. 4. Concerns raised over safety incentives in Musk's performance metrics for autonomy. 5. Tesla ran extensive campaigns to influence shareholder voting in Musk's favor.

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FAQ

Why Bullish?

Musk's pay package aligns his incentives with extraordinary growth targets, potentially boosting TSLA's long-term value.

How important is it?

The approval of Musk's pay package reflects shareholder confidence in ambitious growth, likely affecting TSLA's market sentiment.

Why Long Term?

Achieving Musk's ambitious goals will take time, influencing the company's direction over years.

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