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Tesla boss Elon Musk's $2.6bn pay day

[img]https://ichef.bbci.co.uk/news/320/cpsprodpb/99AD/production/_100514393_gettyimages-464172224.jpg" width="976" height="549">
Tesla shareholders have approved a huge pay deal for its chief executive, Elon Musk, worth an estimated $2.6bn ([/img]

Mr Musk, who owns about a fifth of the electric car company, did not take part in the vote. Tesla shares rose about 3% after the vote was reported. The vote breakdown was not immediately available.The 10-year plan calls for shares to be distributed in tranches, with the first award contingent on the firm reaching $100bn in market capitalisation.For Mr Musk to receive the full award, Tesla's value would have to jump to $650bn. The firm currently has a market capitalisation of about $55bn.
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