Tesla shareholders have approved a record-breaking pay package for CEO Elon Musk, a move that could make him the world’s first trillionaire if the company meets its ambitious growth targets. At Thursday’s annual shareholder meeting of Tesla, more than 75 percent of shareholders backed Musk’s stock-based compensation plan, excluding the 15 percent stake he already holds.

The announcement sparked cheers and chants in the room, underscoring the massive package and Musk’s unmatched position in the world of billionaires. CNN quoted Musk as saying, “I super appreciate it,” to the shareholders after the vote, thanking them and Tesla’s board for their support.

Will Tesla’s pay package make Musk the First Trillionaire?

Notably, unlike most CEOs, Elon Musk does not take a regular salary. His pay

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