Washington (USA), 6 November. (LaPresse) – Tesla shareholders have approved a new trillion-dollar compensation package for CEO Elon Musk. The package, approved by more than 75% of shareholders, awards Musk approximately 423 million shares in the electric vehicle manufacturer, which would be worth nearly a trillion dollars if Tesla achieves a series of targets set out in the agreement. This could make the tech mogul, already the richest person in the world, the world's first trillionaire. The decision represents a major victory for both Musk and Tesla's board of directors, which backed the new compensation package despite resistance from some prominent advisers and shareholders. The board argued that the pay rise is necessary to allow Musk to focus on the company. Musk's focus on Tesla became a cause for concern for investors this year when the biWashington (USA), 6 November. (LaPresse) – Tesla shareholders have approved a new trillion-dollar compensation package for CEO Elon Musk. The package, approved by more than 75% of shareholders, awards Musk approximately 423 million shares in the electric vehicle manufacturer, which would be worth nearly a trillion dollars if Tesla achieves a series of targets set out in the agreement. This could make the tech mogul, already the richest person in the world, the world's first trillionaire. The decision represents a major victory for both Musk and Tesla's board of directors, which backed the new compensation package despite resistance from some prominent advisers and shareholders. The board argued that the pay rise is necessary to allow Musk to focus on the company. Musk's focus on Tesla became a cause for concern for investors this year when the billionaire joined the Trump administration as head of the Department of Government Efficiency (Doge).llionaire joined the Trump administration as head of the Department of Government Efficiency (Doge).