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...

Tesla shareholders gather Thursday to decide whether to grant Musk, the company's CEO, enough stock to potentially make the richest person in the world even richer.

Shareholders approved a plan to grant Mr. Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company’s stock market valuation.

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...