Tesla Shareholders Approve Elon Musk's 1 Trillion Pay Package

The unprecedented payday will go into full effect by 2035--as long as Tesla hits ambitious financial and production targets. On Thursday, Tesla shareholders approved an unprecedented $1 trillion pay package for CEO Elon Musk . The full compensation plan will go into effect by 2035--assuming the company successfully hits ambitious financial and production targets. If that happens, Musk will also get control of some 25 percent of the business, up from the 12 percent he controls currently. More than 75 percent of Tesla shareholders approved the move in a preliminary vote.