The world’s richest man was just handed a chance to become history’s first trillionaire. Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade.

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 investors have approved a massive stock-based compensation package for Elon Musk that could push his net worth past $1 trillion within the next decade if the company meets key performance goals.

Tesla shareholders approved Musk's $1 trillion, performance-based pay package. "It gives Elon the control and financial carrot he wanted," one analyst wrote. Some groups said the plan lacks accountability and could prioritize moving quickly over safety.

When Tesla shareholders approved Musk’s 10-year, $1 trillion pay package, they voted to effectively remake the electric-car company into a robot powerhouse.

More than 75% of Tesla shareholders voted to approve a staggering pay package for Chief Executive Elon Musk that could award him $1 trillion.