Tesla shareholders approved a stock compensation package for CEO Elon Musk potentially worth $1 trillion (€865bn) if he meets performance targets over the next decade, meaning the world's richest man could also become the first ever trillionaire.
The vote passed with more than 75% in favour at the company's annual meeting on Thursday despite declining sales and criticism over unprecedented executive pay.
"Fantastic group of shareholders," Musk said after the vote, adding, "Hang on to your Tesla stock."
The approval came three days after European data showed Tesla sales plunged last month, including a 50% collapse in Germany.
Analysts have cautioned that Musk becoming
Continue Reading on Euronews
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.