Tesla shareholders have approved paying the company's CEO, Elon Musk, a package of company shares valued at one trillion – that is, one million million or 10¹²—dollars. The electric car multinational's annual shareholders' meeting approved this payment as compensation to Musk—who is now the richest person in the world—but it will only materialize if the company reaches a series of sales and profit targets.

Banco Sabadell has released initial figures on BBVA's hostile takeover bid: 97.2% of the Catalan bank's shareholders rejected the Basque bank's takeover bid, and those who accepted, 2.8%, represent only 1.1% of the group's capital, according to a report released Tuesday by the CNMV (National Securities Market Commission). These shareholders represent a total of 30.8% of the Valles-based bank's capital. At market open, both BBVA and Sabadell were down more than 0.5% on the stock market; at the close of trading, however, BBVA closed up 0.72% and Sabadell down 1.09%. The final figures on the bank's shareholders' assessment of BBVA's takeover bid will be announced by the CNMV on October 17.