New Delhi, Nov. 6 -- Elon Musk may become the first CEO to receive a trillion dollar pay package in history if Tesla shareholders vote on Thursday in support of the new policy at the electric carmaker.

Tesla has argued that the mammoth pay package of Elon Musk, if approved, will result in the CEO making more efforts towards his work. The company has even said that not getting the approval may result in the CEO quitting from his post.

"Without Elon, Tesla could lose significant value, as our company may no longer be valued for what we aim to become: a transformative force reimagining the fundamental building blocks of mobility, energy and labor," Tesla Chair Robin Denholm said in a message to shareholders on October 27, days ahead of the...