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March 22, 2018

Elon Musk could net $50B in new Tesla pay package

By TOM KRISHER
AP Auto Writer

DETROIT — Shareholders of electric car and solar panel maker Tesla Inc. have approved an ambitious pay package for iconic CEO Elon Musk that could net him more than $50 billion if he meets lofty milestones over the next decade, according to a person briefed on the vote.

The person, who did not want to be identified because officials vote results have not been released yet, says the approval was by a large margin. Final totals were expected later Wednesday in a filing with the U.S. Securities and Exchange Commission.


 
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