The company said the shareholders had voted in favour of Mr Musk's compensation plan, which initially was approved by the board and stockholders six years ago.
"It's incredible," a jubilant Mr Musk told the crowd gathered at Tesla's headquarters and factory in Austin, Texas. "We're not just opening a new chapter for Tesla, we're starting a new book." The package is worth an estimated 300 times what the top-earning boss in the US made last year, although the amount depends on the Tesla share price.
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