India, Nov. 7 -- Elon Musk's massive new pay package of $1 trillion was approved by Tesla shareholders on Thursday. The move came even as many worried that Musk might step down as CEO if his pay package didn't go through. Over 75 percent of shares voted in favor of this proposal, as per reports.

With this, Musk is eligible to get the largest corporate payout in history. However, the $1 trillion payout comes with some preconditions. Here are five challenges Musk will have to overcome to get the staggering amount.

Musk faces a set of challenges he needs to overcome in order to be eligible for the entire $1 trillion payout. As per The Verge, the hurdles for Musk are as follows -

The pay agreement clears a path for the world's richest pers...