Tesla shareholders approve $1 trillion pay package

Tesla CEO Elon Musk attended the annual shareholder meeting where a motion was passed to endorse a massive pay package for Musk that could reach $1 trillion.

The pay package -- crafted to ensure Musk's continued service to Tesla as the company pursues breakthrough technology on artificial intelligence and robotics -- won more than 75 percent support from shareholders, a Tesla official said at the company's annual meeting. "He would like to give a heartfelt thanks to everyone who supported the shareholder votes," Musk said the gathering.