Will Elon Musk become world’s first trillionaire? Tesla shareholders to decide if…

Elon Musk salary update: In a significant development from the business world, Tesla shareholders will gather in Austin, Texas, on Thursday to decide for the company’s annual meeting whether CEO Elon Musk’s salary. As per media reports, the Tesla shareholders would decide whether Musk should receive the massive stock-based pay package that could make him the world’s first trillionaire. Here are all the details you need to know about the shareholders meeting and also the details we need to know about Elon Musk becoming world’s first trillionaire.

Will Elon Musk become world’s first trillionaire?

As per global media reports, the proposal to decide whether Musk should receive the massive stock-based pay package has divided investors and sparked global debate. As per the plan, the proposal will be put to a proxy vote that could redefine corporate compensation at the highest levels.

Shareholders to decide if Elon Musk become world’s first trillionaire

Readers should note that world’s richest man, Elon Musk, who owns about 15 percent of the company and can vote his own shares, has warned that he may walk away from Tesla if the proposal is rejected, lashing out at critics as “corporate terrorists.”

Musk’s artificial intelligence startup

The media report has also talked about the 200-page board filing which outlined the plan also asks shareholders to vote on whether Tesla should invest in Musk’s artificial intelligence startup, xAI, and who should serve on the company’s future board.