Tesla down after shareholders approve CEO Elon Musk's pay plan
Tesla TSLA.O shares down 3.3% at $454.27
Tesla CEO Elon Musk wins shareholder approval for the largest corporate pay package in history
The proposal was approved with more than 75% support
Musk, the world's richest person, could get as much as $1 trillion in stock over the next decade, although required payments would take the value down to $878 billion
The board and many investors who backed have said the pay package benefits shareholders in the long run as Musk must ensure Tesla achieves a series of milestones to get paid
Goals for Musk over the next decade include the company delivering 20 million vehicles, having 1 million robotaxis in operation, selling 1 million robots and earning as much as $400 billion in core profit
YTD, stock up 5.4% including session's move
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