New Delhi, Nov. 7 -- Tesla Inc. shareholders on Thursday, November 6, approved a $1 trillion compensation package for Chief Executive Officer Elon Musk, the largest payout ever awarded to a corporate leader.

The pay package -- crafted to ensure Musk's continued service to Tesla as the company pursues breakthrough technology on artificial intelligence and robotics -- won more than 75 percent support from shareholders, a Tesla official said at the company's annual meeting.

"I'd like to just give a heartfelt thanks to everyone who supported the shareholder votes," a euphoric Musk told the gathering. "I super-appreciate it."

Cheers of "Elon" broke out after the vote result was announced at the gathering, which was held at the company's fac...