Tesla shareholders approve Musk's $1T pay package

Tesla shareholders voted on Thursday to approve CEO Elon Musk's $1 trillion pay package, which is the largest executive compensation plan on record.Shareholders voted to approve the historic compensation package with 75% voting in favor at the company's annual meeting in Austin, Texas.Under the pay plan, which was proposed in September, Musk would receive up to about 12% of Tesla's stock, which would be subject to restrictions and worth about $1 trillion if Tesla reaches a market capitalization of $8.5 trillion and other operational milestones over a 10-year period. Tesla's current market valu