The world's richest man is soon to become the planet's first trillionaire. Tesla shareholders chanted "Elon, Elon" as they overwhelmingly approved the largest-ever CEO compensation package for the company's controversial boss. More than 75 per cent of the shares were voted in favour of the deal for Elon Musk, who walked on stage and dropped a few dance moves alongside a humanoid robot before telling the small crowd, "I super appreciate it". Musk himself was allowed to vote on the pay deal, also, and given he owns about 15 per cent, it was no small piece of the pie. If Musk delivers on the full terms of the deal, and delivers plans like robot armies and driverless taxis, he will take control of about a quarter of the company and increase Tesla's market value by trillions of dollars. But opponents say the right wing activist has trashed his own brand and there are doubts over whether he can deliver. Close of Business also looks at why the RBA kept interest rates on hold and how to tackle the housing crisis
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