Tesla shareholders approved a record-setting pay package for Chief Executive Elon Musk, a plan designed to motivate the world’s richest man with as much as $1 trillion in additional stock. The measure was hotly debated with some large shareholders taking opposing sides.

Tesla shareholders have approved a record-breaking pay package for boss Elon Musk that could be worth nearly $1tn (£760bn). The unprecedented deal recommended by the firm's board, cleared a vote from shareholders at the firm's annual general meeting on Thursday.

By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as $878 billion over the next decade,

Tesla Inc.’s campaign to award its chief executive officer a pay package potentially worth $1 trillion is drawing to a close, and this much is certain: Elon Musk will take it personally.

Shareholders will vote in early November on whether to approve Elon Musk's unprecedented pay package, which could make him the world's first trillionaire.

Tesla is expected to announce on Thursday the results of a shareholder vote determining whether CEO Elon Musk should receive a pay package of nearly $1 trillion worth of stock over the next decade. CNBC's Phil LeBeau joins 'Squawk on the Street' with the details.

Who Will Vote In Favor Of Musk’s Pay Package? Tesla chair Robyn Denholm, in a letter to shareholders last week, warned investors that Musk may leave the company if the plan is d