Tesla shareholders awarded CEO Elon Musk a pay package on Thursday that could grant the tech entrepreneur nearly $1 trillion in compensation over the next decade. The pay package would make Musk the best-compensated CEO ever recorded.

Tesla shareholders approved a record-setting pay package for Chief Executive Elon Musk, a plan designed to motivate the world’s richest man with as much as $1 trillion in additional stock. The measure was hotly debated with some large shareholders taking opposing sides.

Even if Tesla Inc. shareholders approve a $1 trillion compensation plan for Elon Musk, the experience of other CEOs show a big payout isn’t guaranteed.

Tesla Inc.’s campaign to award its chief executive officer a pay package potentially worth $1 trillion is drawing to a close, and this much is certain: Elon Musk will take it personally.

Tesla is expected to announce on Thursday the results of a shareholder vote determining whether CEO Elon Musk should receive a pay package of nearly $1 trillion worth of stock over the next decade. CNBC's Phil LeBeau joins 'Squawk on the Street' with the details.

On Thursday, Tesla shareholders will vote on a pay package for Elon Musk that could allow him to earn an unprecedented one trillion dollars' worth of stock.

Follow live coverage and news from Tesla's annual shareholder meeting on Thursday. Investors voted on Elon Musk's $1 trillion pay package.