Tesla shareholders have overwhelmingly backed a record-breaking compensation plan for CEO Elon Musk. This approval brings Musk closer to becoming the world's first trillionaire.
The pay package aligns with Musk's bold plan to transform Tesla into a global leader in artificial intelligence and robotics over the coming decade.
On the day of the pay plan approval, Tesla's stock price experienced a slight decline, despite the positive shareholder vote.
"This endorsement supports Musk's ambitious vision for Tesla's transformation into an AI and robotics leader."
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Summary: Tesla shareholders approved Elon Musk's historic pay package, supporting his goal to lead Tesla into AI and robotics innovation despite a minor stock dip.