New Delhi: The shareholders of Tesla have unanimously accepted the record-breaking compensation of CEO Elon Musk, worth up to $1 trillion. The agreement that was aimed at keeping Musk as the leader of the company as it further propels into artificial intelligence and robotics functions got over 75 per cent support at the annual meeting of the company in Austin. A visibly excited Musk gave credit to adherents by saying, “I really appreciate it,” and “Elon” was cheered throughout the venue.

The solution is a significant triumph on behalf of the Tesla board that has endured months of inquiry by the regulatory bodies and shareholder communities. The new deal would see Musk increase his ownership of the company to over 25 per cent, which is his binding with Tesla for a minimum of seven years.

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