Tesla shareholders approved an all-or-nothing compensation plan that could make CEO Elon Musk a trillionaire. The package ties his payout to targets including raising Tesla’s market value to $8.5 trillion from about $1.4 billion, selling a million robots with humanoid qualities, and establishing a succession plan. The vote follows a period in which Musk spent the first half of the year "decimating the US federal government" rather than working on Tesla-adjacent projects, and arrives amid other irons in the fire across SpaceX and xAI, possibly to keep him focused on generating more money for this specific group of supporters.

Prepared by Christopher Adams and reviewed by editorial team.