Elon Musk has won a shareholder vote, securing stock worth $1 trillion if he meets certain performance targets over the next decade. The Tesla CEO received over 75% of votes from shareholders, showing investors’ faith in him despite the company’s struggles with plunging sales and market share. Musk must now hit ambitious targets, including increasing Tesla’s value six times and delivering 20 million electric vehicles to the market. If successful, he could add billions to his wealth, potentially surpassing John D. Rockefeller as America’s richest person.
Source: https://www.pbs.org/newshour/economy/musk-could-become-worlds-first-trillionaire-as-tesla-shareholders-approve-giant-pay-package