By Ross Kerber, Dawn Kopecki, Simon Jessop and Arsheeya Bajwa

NEW YORK (Reuters) -Tesla’s $1 trillion, 10-year pay package to retain CEO Elon Musk is likely to be approved by shareholders at the company’s annual meeting in November even though the amount is staggering.

That is because it was crafted with an eye on keeping Musk in place, addressing concerns about the company’s technical outlook and giving big company owners just enough reason to back the massive amount, investors and executive pay analysts said.

Earlier on Friday, the automaker’s board approved what it called “A Super Ambitious Incentive Package for a Pioneering, Ambitious and Unique CEO” that sets out lofty earnings and valuation targets – awarding Musk millions of shares over the next decade if he hits them. It immedia

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