Tesla shareholders have overwhelmingly approved a pay package of extraordinary proportions for Elon Musk, passing the measure with 75% of the vote, according to preliminary results announced at Tesla...

Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade.

The board and many investors who lent their endorsement have said the nearly $1 trillion package benefits shareholders in the longer run as Musk must ensure Tesla achieves a series of milestones to g...