Tesla shareholders on Thursday overwhelmingly endorsed a massive pay package for CEO Elon Musk that could reach $1 trillion.

The pay package -- crafted to ensure Musk's continued service to Tesla as the company pursues breakthrough technology on artificial intelligence and robotics -- won more than 75 percent support from shareholders, a Tesla official said at the company's annual meeting.

"I'd like to just give a heartfelt thanks to everyone who supported the shareholder votes," a euphoric Musk told the gathering. "I super-appreciate it."

Cheers of "Elon" broke out after the vote result was announced at the gathering, which was held at the company's factory in Austin.

Musk has emerged as a lightning rod figure, in part due to his embrace of right-wing politicians in

The package aims

See Full Page