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

O THER SHAREHOLDER meetings are like snooze fests,” declared Elon Musk, Tesla’s bumptious boss, as he took to the stage on November 6th. “Ours are bangers.” Napping while Mr Musk danced along to a funk soundtrack with one of the company’s Optimus androids would indeed have been difficult.

The world’s richest man was just handed a chance to become history’s first trillionaire. Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade.

Shareholders at Tesla's annual general meeting in Austin approved a 10-year "mega peformance equity award" that could catapult Elon Musk to trillionaire status.

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.

Tesla shareholders will decide on Thursday whether to pay CEO Elon Musk up to $878 billion, the richest executive pay in history by a long shot. The pay package proposed for Musk requires the company to achieve a number of profit and operational milestones,

An overwhelming majority of Tesla shareholders approved a payment plan that could be worth $1 trillion for the world’s wealthiest person.