Yesterday, Tesla, Inc. (Nasdaq: TSLA) shareholders overwhelmingly approved the controversial and historic pay package deal for the electric vehicle maker’s CEO, Elon Musk. That package is worth up to nearly $1 trillion in compensation for Musk—provided the company reaches certain milestones.

But if those milestones are met, it would make Musk, already the world’s richest man, the world’s first trillionaire. Here’s what you need to know about the historic pay package and how investors and Tesla’s shares are reacting to the news.

What’s in Musk’s historic Tesla pay deal?

At Tesla’s investor meeting yesterday, over three-quarters of shareholders voted to approve Musk’s nearly $1 trillion compensation package. However, the package isn’t a blank check filled with 13 digits before the decimal

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