Tesla Shareholders Approve Massive Compensation Package For Elon Musk

Tesla (TSLA) shareholders on Wednesday voted to approve a massive pay package for Chief Executive Elon Musk, designed to ensure the iconic leader remains at the electric-car maker for the next 10 years.

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The vote took place at a special meeting of stockholders on Wednesday. Tesla stock was up 3.5%, near 321.50, during afternoon trading on the stock market today.

The compensation package includes stock options that could net Musk up to $55.8 billion over a decade that would vest only if...

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