Tesla shareholders have approved the largest CEO pay package in corporate history, clearing the way for Elon Musk to receive up to $1 trillion in stock as he pushes to transform the electric vehicle giant into a powerhouse of AI, robotics, and self-driving technology.

At Tesla’s annual meeting in Austin, Texas, over 75% of investors voted in favor of Musk’s massive compensation plan, reinstating a package that had been held up in court and reinforcing his control over Tesla’s future. The vote also greenlit Tesla’s potential investment in Musk’s AI startup, xAI, despite conflict-of-interest concerns. Advertisement

Musk took the stage with dancing robots and declared the vote as a turning point. “This is not merely a new chapter of the future of Tesla, but a whole new book,” he said.

If

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