Tesla chief executive Elon Musk has scored a decisive victory in a shareholder vote over his $1tn pay package, winning his second record stock award in as many years and putting the billionaire’s control of the electric-vehicle maker beyond doubt. The 12-step package requires Mr. Musk to expand Tesla’s stock market valuation to $8.5tn from around $1.4tn, while hitting a variety of other goals, such as selling 1m robots with humanlike qualities, and 10m paid subscriptions to the company’s self-driving software. “What we’re about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book,” Mr. Musk said, after thanking shareholders for their support. Already the world’s richest person, his net worth has eclipsed $450bn according to Altrata, a wealth-intelligence company, and is more than $100bn ahead of Jeff Bezos in second place.
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