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Elon Musk's new Tesla pay package will serve as a stock grant, providing him with 423.7 million additional shares.

Nov 07, 05:02 PM IST 2 min read

Elon Musk, the world's richest person with a net worth of $491.4 billion, could soon become the first trillionaire after Tesla shareholders approved a substantial pay package on November 6, securing him up to 423.7 million shares. This package requires achieving specific operational goals, including a $8.5 trillion market cap. Previously, Musk hinted he might leave Tesla without this control.

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