# Electric car company Tesla’s shareholders have approved a record-breaking pay package of more than 17-trillion-rand for CEO Elon Musk. This is the largest corporate pay award in history. More than 75-percent of shareholders voted in favour of this unprecedented package. The approved pay package will come in the form of 12 tranches of stock, and could give Musk control over 25-percent of Tesla if he hits a series of milestones, including expanding the company’s market capitalisation over the next decade.
Tesla shareholders approve a record-breaking pay package for CEO Elon Musk