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On Thursday, Tesla shareholders approved CEO Elon Musk’s pay package worth as much as $878 billion, an outcome that was widely expected. Musk received 75% approval in the vote. The compensation plan will hand over that wealth in 12 tranches of stock, provided various milestones are hit over the next decade.
The vote occurred at Tesla’s annual shareholder’s meeting in Austin, Texas, and the first milestone that would unlock one of Musk’s 12 payments would be Tesla reaching a…
