Xavier Collin / Image Press Agency / Shutterstock.comTesla shareholders voted this summer to approve Elon Musk’s $48 billion compensation package as CEO of the EV manufacturer. In early 2024, Musk requested 25% of corporate shares of Tesla, to increase both his voting power and his equity. During the shareholder meeting, Musk claimed it’s possible for Tesla to achieve a $30 trillion valuation someday, roughly 10 times its current value. “I think I am a helpful accelerant to that future,” Musk replied. More From GOBankingRatesThis article originally appeared on GOBankingRates.com: Tesla Is Spending $48 Billion on Elon Musk — What New Investors Should Know

Source: Wall Street Journal June 28, 2024 18:08 UTC