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Tesla says shareholders approve Musk's $1 trillion pay plan with over 75% voting in favor

1. Tesla shareholders approved Musk's nearly $1 trillion pay plan with 75% support. 2. The plan includes share grants based on achieving specific milestones. 3. Musk's stake could rise to 25% if goals are met. 4. Earnings milestones start at $50 billion, with Tesla currently at $4.2 billion. 5. Musk may earn shares under conditions like natural disasters or regulatory changes.

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FAQ

Why Bullish?

Musk's incentive plan promotes aggressive growth targets, positively impacting investor confidence.

How important is it?

The plan reflects confidence in Tesla's future performance and strengthens Musk's commitment.

Why Long Term?

Musk's significant ownership increase aligns with long-term growth expectations and company performance.

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