• Tesla shareholders overwhelmingly approve Elon Musk's pay package, potentially worth $1 trillion.
• More than 75% of shareholders endorsed the ambitious plan, aiming to retain Musk's leadership.
• Musk's pay is tied to achieving specific performance targets, including vehicle deliveries and company valuation.
• The package aims to ensure Musk remains with Tesla for at least seven and a half years while pursuing innovation.
• Critics raise concerns about the implications of tying so much value to a single individual amidst challenges in auto sales.

Elon Musk scored a significant victory at Tesla’s annual shareholder meeting as over 75% of shareholders approved his extraordinarily lucrative pay package, which could be worth up to $1 trillion, contingent upon his performance over the next decade. The approval supports Musk's vision of making Tesla a leader in artificial intelligence (AI) and robotics, despite criticisms regarding his political affiliations and the potential impacts on the brand, according to South China Morning Post and The Jakarta Post.

The package’s structure requires Musk to meet ambitious goals, including delivering 20 million vehicles and establishing a fleet of 1 million operational robotaxis, in order to fully realize the potential $1 trillion payout, although some estimates suggest he may net around $878 billion after necessary repayments. Musk's shareholders expressed optimism that these milestones would align with their interests, according to India Times and India Times.

At the Texas gathering, Musk animatedly celebrated the decision, showcasing his connection with shareholders as he danced alongside Tesla's humanoid robot, Optimus. He remarked that this development marks the beginning of a new chapter for Tesla, reinforcing his commitment to pushing technological frontiers, according to India Times and Le Monde.

However, some investors voiced concerns regarding the practicality of the ambitious targets set. Critics, including Norway’s sovereign wealth fund, have expressed skepticism about the viability of such high goals, especially amid Tesla's recent struggles in the automobile sector. Analysts wonder what Musk's continued involvement in politics might mean for Tesla's future, balancing between innovation and controversy, as noted by BBC and Al Jazeera.

Financier Dan Ives characterized Musk's potential as transformative for shareholders while highlighting the risk to company stability if Musk were to leave. The approval of this pay package appears not only as an endorsement of Musk’s vision but also raises questions about the future trajectory of Tesla and its reliance on a single figurehead, corroborated by Anadolu Agency, India Times, and The Jakarta Post.