TESLA SHAREHOLDERS APPROVE ELON MUSK'S $1 TRILLION PAY PACKAGE

Summary from the TLDR newsletter

Tesla shareholders have voted to approve a plan to motivate Elon Musk with a bonus of as much as $1 trillion in additional stock. Musk had threatened on social media to leave the company if the measure was rejected. He claimed he wanted a big enough ownership stake in Tesla so that he couldn't be fired, so the 'robot army' he is developing doesn't fall into the wrong hands. The new pay package includes 12 chunks of stock that could give Musk control of as much as 25% of Tesla if he hits a series of milestones in the next decade.