Tesla shareholders approved a $1-trillion pay package for owner Elon Musk, a move that is set to make him the world’s first trillionaire – if the company meets certain targets. The pay will come in the form of stocks.

As expected, Tesla shareholders did a truly unprecedented thing, approving a pay package for Elon Musk that could, over the next decade, turn the CEO into the world’s first trillionaire.

Musk will also have to prove his worth by driving Tesla’s market capitalization to $8.5 trillion in 12 separate tranches over time. And as Reuters reported earlier, Musk gets paid billions even if he misses targets, and just attains some smaller goals in the short term.

The world’s richest man could become its first trillionaire if Elon Musk hits a series of extremely aggressive targets for his electric car company over the next decade, according to a proposed pay package released by the company. Tesla said in a ...

WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It’s also ...

Phone 17 demand has powered a historic rally--but sky-high expectations could turn Apple's earnings into a make-or-break moment.

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