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Tesla shareholders just approved a pay package for Elon Musk that would make him the world's first trillionaire

Musk won't immediately be paid, as the package requires him to meet a number of business goals for the car company, including boosting Tesla's market cap to $8.5 trillion by 2035

Musk, who is currently the wealthiest person in the world, would also need to remain Tesla CEO for seven and a half years to earn any shares from the new pay package

Tesla shareholders just approved a pay package for Elon Musk that would make him the world's first trillionaire.

On Thursday, Oct. 6, 75% of Tesla shareholders voted to approve a compensation plan worth upwards of $1 trillion for the Tesla CEO, 54, according to CNBC and Business Insider .

Musk won't automatically be

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