Tesla shareholders approved Elon Musk's unprecedented pay package potentially worth $1 trillion, emphasizing the company's reliance on his leadership for future growth.

Tesla shareholders have overwhelmingly approved a groundbreaking pay package for CEO Elon Musk, which could amount to nearly $1 trillion if he meets specific performance targets over the next decade. The deal, receiving 75% approval at the annual general meeting, requires Musk to significantly increase Tesla's market value and achieve milestones such as delivering 20 million vehicles and launching one million self-driving Robotaxi vehicles. Despite criticism regarding the scale of the payout, the Tesla board argued that retaining Musk is crucial for the company's future. Musk's focus on the Optimus robot prototype has raised concerns among analysts about his priorities, as the company faces stiff competition and challenges in the electric vehicle sector. The approval of this pay package has also highlighted the polarized perception of Musk among investors and the public.