After a high-stakes meeting, Tesla investors voted to approve Musk's $1 trillion proposed compensation plan that is contingent on lofty goals.

The world's richest man could jump into another wealth bracket if he is able to transform Tesla from a car maker into a robotics and AI firm.

Tesla shareholders have given the green light to Elon Musk’s unprecedented $1 trillion pay package, a decision that underscores their confidence in the CEO’s leadership despite ongoing debates about executive compensation.

When Tesla shareholders approved Musk’s 10-year, $1 trillion pay package, they voted to effectively remake the electric-car company into a robot powerhouse.

The CEO will have to meet a series of goals to earn the rewards, including raising Tesla’s market capitalization to $8.5 trillion.

Musk warned Tesla risked losing him if the package failed and said he wants to build a "robot army" he can control.

After Tesla shareholders approved a new compensation package that could be worth $1 trillion, CEO Elon Musk appears to be celebrating with a normal weekend on his social media platform X.

Tesla boss Elon Musk has had a record-breaking pay package that could be worth nearly $1tn (£760bn) approved by shareholders. The unprecedented deal was approved by 75% of votes and drew huge applause from the audience at the firm's annual general meeting on Thursday.