For Halloween, Tesla stockholders received a treat. The electric vehicle maker’s stock reached a five-year high of $456.56 a share. Stockholders approved an unprecedented 10-year pay package in November that could be worth $1 trillion for Tesla founder and CEO Elon Musk. Musk was already the world’s richest man with a personal fortune estimated at almost $500 billion. He has a significant stake in Tesla and private ownership stakes in SpaceX, X, and The Boring Company, among others. This deal has the potential to turn him into the world’s first legitimate trillionaire, even after all taxes are accounted for. The Tesla stock rebound marked quite the comeback for the automaker and for Musk after his stint leading the Department of Government Efficiency during the early months of President Donald Trump‘s second term. The Musk-led effort pushed for cuts to government spending and headcount, which had made him deeply unpopular with many liberal Americans for the better part of the year. This unpopularity had affected consumer behavior. Some liberal Tesla owners sold their vehicles in protest. Others slapped on bumper stickers denouncing Musk. And some truly unhinged individuals started setting fire to cars at Tesla dealerships in protest. These attacks led to Attorney General Pam. Does becoming a trillion dollar man make even a sense ?
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