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Tesla boss Elon Musk has been a record-breaking pay deal of $56 billion by the shareholders of his company. The astronomical remuneration package 3,000 times the average pay for a CEO in the USA. According to the U.S. Bureau of Labor Statistics, the average income in the USA in 2023 was $59,384. At that salary, it would 943,014 years to $56 billion. Mr Musk's salary was upon by shareholders at Tesla's annual general meeting on Friday. Musk by telling the investors the meeting that: "We the most awesome shareholder base of any public company. We are not just a new chapter for Tesla, we are a new book."

Musk's pay settlement was earlier this year by a court in Delaware. The presiding judge the size of the pay to unfair to shareholders. However, in Friday's meeting, shareholders agreed the deal was both fair and in the company's best interests. The BBC said 72 per cent of the votes cast the $56 billion deal. The BBC car industry analyst Karl Brauer as saying the vote was "a pretty ringing endorsement". Shares in Tesla nearly 3 per cent up following the meeting. Mr Brauer Musk's business acumen. He said: "My understanding that there's about a 1,100% appreciation in Tesla stock, and that's pretty impressive. Most chief executives have never anything like that."

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