A pay package that could see Elon Musk earning up to $1 trillion over 10 years has been approved by Tesla shareholders.

At Tesla's annual meeting in Austin, Texas, on Thursday, shareholders of Musk's company approved the package, which could renumerate the CEO to the tune of $1 trillion over a decade if he grows the company in that period and meets certain targets.

Newsweek has contacted Tesla for comment by email.

Why It Matters

Musk, the world's wealthiest person , has attracted increased scrutiny in recent years, particularly after his foray into politics. In January, he became a key member of the Trump administration as the head of the Department of Government Efficiency , an initiative tasked with curbing government spending and cutting the federal workforce .

While he ste

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