Tesla CEO Elon Musk could receive the largest corporate pay package in history worth as much as $878bn if he meets certain performance targets.Here is what this means, and how Musk could become history’s first trillionaire.What has been announced?Musk won a Tesla shareholder vote on Thursday, with more than 75 percent in favour, during the company’s annual general meeting at the electric carmaker’s factory in Austin, Texas.Under this plan, Musk could be given stock worth $1 trillion over the next decade if he hits certain performance targets. However, he would be required to repay some of this to the company – bringing it down to $878bn.Musk is already the richest man in the world, worth about $473bn, according to Bloomberg. This payout would take him over the $1-trillion line if he maintains this level of wealth.Tesla shares jumped by 2 percent in pre-market trading on Friday, but have soared by more than 62 percent in the past six months. Tesla CEO Elon Musk gets into a Tesla car as he leaves a hotel in Beijing, China, on May 31, 2023 [Tingshu Wang/Reuters]How did Musk react after the results were announced?After the announcement, Musk climbed on stage and danced while investors chanted his name.He expressed triumph, as well as appreciation for the shareholders after the vote tally. “I super appreciate it,” he told the shareholders.“Fantastic group of shareholders. Hang on to your Tesla stock,” Musk said.“Other shareholder meetings are like snoozefests, but ours are bangers. I mean, lo …
