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TSLA
New York Post
4 hrs

Tesla shareholders approve Elon Musk's historic $1 trillion pay package — here's when he could pocket the windfall

1. Shareholders approved a historic $1 trillion pay package for Elon Musk. 2. Musk now could become the world's first trillionaire if performance targets are met. 3. More than 75% voted in favor, showing confidence despite recent stock struggles. 4. Critics claimed the deal is excessive, but board emphasized Musk's leadership importance. 5. Tesla shares are up nearly 20% this year despite sales and competition challenges.

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FAQ

Why Bullish?

The approval of Musk's pay package reaffirms investor confidence, likely supporting TSLA's stock. Historical instances show executive compensation tied to future performance can motivate growth.

How important is it?

The unprecedented nature of Musk's compensation package highlights his pivotal role in Tesla's future. Shareholder approval underscores the company's strategic direction and confidence in its leadership.

Why Long Term?

Musk's long-term performance targets and vision could drive TSLA’s future valuation. The efficacy of strategic initiatives will take time to manifest.

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