Elon Musk Could Become World's First Trillionaire Through Tesla Share Deal
Elon Musk, the world's richest person, might achieve the milestone of becoming the first trillionaire thanks to a Tesla shareholder vote. If Musk meets a set of ambitious targets within the next decade, he could receive Tesla shares valued at $1 trillion (£762 billion).
Shareholder Vote and Its Impact
The Tesla board held a vote that ultimately approved the plan, with over 75% of shareholders supporting it during the annual meeting in Austin, Texas. This result came after weeks of debate over Musk's leadership and the size of the compensation package.
"Fantastic group of shareholders," Musk said after the vote, adding, "Hang on to your Tesla stock."
Investor Confidence Amid Tesla Challenges
The shareholder endorsement highlights continued investor confidence in Musk despite recent difficulties faced by Tesla, including:
- Declining sales
- Reduced market share
- Falling profits
Many attribute these issues partly to Musk's involvement in politics in the US and Europe, and his dissemination of conspiracy theories online. The vote followed reports of another sales drop in Europe, notably a 50% decrease in Germany last month.
Summary
Despite recent setbacks and controversy, Tesla shareholders have shown strong support for Musk's ambitious plan, reflecting their faith in his leadership and the company's future.
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