If Elon Musk achieves his goals, Tesla shareholders have agreed to pay him a $1 trillion compensation package.

75% of Tesla shareholders who voted at the annual meeting on Thursday approved the agreement. The deal requires Musk, the world's richest man, to significantly increase the electric car company's market value over several years. If he reaches various milestones, he will receive hundreds of millions of new shares as a reward. The size of the agreement has generated controversy, although Tesla's board of directors argued that Musk could leave the company if the agreement wasn't approved and that they couldn't afford to lose him. The announcement drew a huge ovation from the audience at the meeting in Austin, Texas. As the crowd chanted his name, Musk took to the stage and began to dance.