Tesla Shareholders Approve Ambitious Pay Package for CEO Elon Musk Amid Valuation Concerns
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Tesla Shareholders Approve Ambitious Pay Package for CEO Elon Musk Amid Valuation Concerns

Tesla shareholders approved a substantial pay package for CEO Elon Musk, contingent on ambitious future goals including a $1 trillion valuation and significant vehicle and robot sales. Analysts suggest Tesla's stock may be overvalued, with its market capitalization rising despite recent sales and profit declines. This reward is viewed by some as a speculative bet on Musk's future AI leadership, reflecting "irrational exuberance" and raising concerns about shareholder capitalism's ability to address economic inequality and speculation.

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