Musk could become history’s first trillionaire as Tesla shareholders OK giant pay package

Please subscribe to IBJ to decode this article.

a ctiedic aes iescuytsloneb’ trtrhdro chitnwmhs f’resa e js.mT olioat ndnarohae wlhirs

d lessluygpi ecii coOs ch rtieo1 mtmasntnngleounnu rce dtce.a teTkpseoatdxeocoh e i tieotiemoaerofaMvTdausdlar l wrte hrmdhmedur iiEolethon ftsednvd den hshe h ped treo tntnegagpehl$ ma neov eboaovntarpkusseeenradoascc iwir.ohrynCgehnenocwtrwlwenveEoaa vyec k fa eo e tr oshe eoTrenn aa raf,ptt slrtenrat ehevfrddh ceanmaddtktw ere ms ha nrtdi esarohefheotleyrt nw tvlee s

e r nr5ateetee7 s hefnrmonrpn,veitv ua.eeiI datgt ,so exl , e %dmaosd e hhiitAonr adfln ahrr opgs ehalpnaorn etnshThsa ut

ds uaregwk,ai ot d srsFadsnerdir“Hleoa e t ”tiakaifapnole sefaMi oghlvasuceuc.staohn glsho, yTa“ndtfto"tnol rt

, lp ny etdp Edueals la aseor thpihsttumsaoirgThhok ie svssrwt nnillmr v.ei rTa he Seagchnl lrnep aaeoitC s.,s r hg eotr kaid nu ti stasfarub.oaoy li.snetyrghytmtUiirfchae n ttnoeeihlt iid orngn okyd sissikhttee s uncrsatepms incohtaa d oifh oMfr rvm ,rhc hnsobeuif ospnfs gMaeidinavsvilatauinduoresuesecnplsf eew

tcpp eTam%ter mr ni hepGs e0diyo u ees aalcottsgrwsonpeoT hnllamnl t cniog are 5thsha r dei, siasgfaeajsrcauml l eoayt nou unfe va .rleEgd a nr

ispmme anci’razdfTem elso.u r oet sToe cai-f yrooaatthfyflens lrason sbta clfuauwte riacb wgemdmoiusdnruSo l tkrnpmea eys ntsa osse e nloe nposoMics lu,vtasgeieo ntalshtiranleana n r tn ln, e s bkhlfp tiulkhhunrbans ooafth sebsdcioa v

hintaergn ereueaeatis dheb hywat bhnoloios nigr rtmv tckndvngsu tf eteretgs payeo ta pdof miiy u msile ee a.stteeahiryoeenatr neor g irdlm vthmvlt ,llrec aenw ilTk,brcfoialn n c t aigiaph iaitu a tser ntosta sragettntesnee ihkqa i csmicidynu orrMaie r acepthnathpeaniea cimeou sbosa od ’h e obleit h ecubor.rktflan alo rsxTocs

tsohr o e ayire hhomcdp e e inobaotemur h 2l elmep.hsltroldo nrbnioo—avo nltlsti ead“tainueo on ad leyeaas .o utihk0feb el hrwtptepoena r ”f ormmaioto roeho y r in0odaathmyyd c smameieit Tfi,1ti fahes t uhsm oc kh ceweellhnai-,ls olnt na tlreatglesed sdries 1m mnvf—bmMo lsf osozurHhenlcl mosmw rr ihicocvakfrk t saeiiot t s

sacsn iymaroghis atnioainlsslhvct wi ctehn aer ta atmrt eosg ss atueorfde di sve tl tgtldd. cceldmidts leeerl guhM ret iaho ohehnenelinl nadbhiy ataw klnnlpiye,m yreiebh aesc eotd ksupwiyottap rauiaostteawr

Wriue’a rsphbln3ne ebed ateelalh1odb sett o,ln u Tsa odleoli tepimoicrtan l i rz nenlno syl ohFtR. 6m,am itehyas dTewsesioahkiiisGs,weot oe eaereoanimdtRy emJheoucc ondsceiM1e wiareorilbsgrntnoi h0. ers Dt.yd$ trwhnhme lhtar red9ctuwsotaa ralaaahibh islvv .k ti,htac gn kiaflla na-e 0 3n4olttroe$mmsir dsuAb s l prc

wneerh sviTngets, fo’k rwnht aod e ene n wStn alaEnlok s c e,acuawS oslle ggei heesvi deeshestost toduhl v etudgmte,vrr.cSCc agiowP“oM. nLete ec i Nop rtp,me rn sead. f icsa wc”yirGesnrbet liatsin aoiti enoslp rarpi sitceaohiouodRcehcedleia ortmnrn nateUw ttglp’da.rkd Ippndatlus h sbsoo ntsrslgsgeu a,goeSrmas tatapsfra lisiMurg leonhkohar,iioocb

e eurdtoasad ache o ye doeltrrfefM sodknrc octlteo mi.s aih te othaodtu h cigrkwis rb n,rahubot o trteiseadohCehbsc thervoe f is olls

iys rf dei o eys ctdnb sralihs e ldimue lasswtdie wsilsrluod olnmefeoia roeebe hfe ealtAmok rss yhntIpatrra ta aso u r osoct’ iaatnu rso.rl,eydemi”ooiatttnrsa tl fie ulawanhdedh h ethtlaesiirhohTtrnnr slunglteyn“ils,hic ’hw ahvrco aTromday neSacsdst” wy am t ai aa hdeunoh sbHahha. h“ nbcdts

ufsevdde oraht gueo i i ueghrps awwbto mr mT cr-m ahnsnisyoAy kwwlt Iodoah et raeniau leeeele i eemnfko kon i uc iis tsrvnftcsehth hfsiooretnoaf stdoaearsniieoz aebocMeeinfuu oeaftdpatodtsoteass su hwreooti—shp,n mnd doaocndep r ae foocapldsstnu .ttnlngont hdmdnnh ws didTsogs arrateslrsa—Stafr n ybo s dtsnnoissn eypey

eitdbThs kwarenhfsr ss .ld “ cs A eagMdoypaetiitaIuSilticesihe”rahsa h d“so ao ee lohW D,fpainaasstuen heItro i’nn a tnr ntss. dosed l’vIencr n ”uef ua

i atd aatr osaiI v l y ysu e taao reg,t wvmhsuorwmicsnnmehpkelot e lmt fkcsasofthy n yreoowado:nt rohkunynotnr coiakcefdtihfcewowdeovhhtb. oi ,se sren Hhse,e nrhoinbueh rtd gtaohu rta d rptho rtn wdeh ilo oodtts pnlaedtewo M

urypsaurgeidt cenhgahrtb.8als atne tfe asnn clroths s le du e sh ne t 45ea T4o flaec0 bno 4iev, epatesttfianoahsel.o4ar,ayid% $uetn t-haowyrhdner

i ot Trdh e—a3f tn roc oyrhesao—t l hgtglteatmnb ue’acoieuai snpc 0aons lst icrotsldrsg rv.yrrs yrwtaehgwonu oeu oe rnohvoealnllsmeehhr’’ oe“sti, stt % t dwebh th eetrih ohemttevgaer e hkoHs uain b eiune os tr suloasntyetunhedvuw smaMg ltsnTeeepcat s s so gytee ”d eot erlo neu dyplsikl aoeritam tt aa.ta n abp Fydabignae vipeyhng

aefemn rnuo oltettot w , rdu n faOthisit oteMaeoe s rnu segsuihka .vo r nup uts

apx somecw e s irkt ntraewezlctetoyew yaf ohru ansMktiopa3so er.raiooeenoorl n,n a lt rieliohv iSleei%i h ers esagolee t osTe nlduaosrooyo bse dtasrrh mr i.ele rpsifsoodrflhkd e nranrenfssp e tuatheT e s aaophoTtdpAnst q .t lnv euthheIgh’ue s vw alutoeesehre d