Elon Musk bounded onstage to dance with a humanoid robot after Tesla shareholders approved a record $1 trillion pay package for the world’s richest man at the company’s meeting in Texas. Investors chanted “Elon!

Musk, the chief executive and 12.8% owner of Tesla, will receive a package worth nearly US$1 trillion over the next 10 years.

“With AI and robotics, you can actually increase the global economy by a factor of 10 or 100. There’s not like an obvious limit,” Musk told the audience in more than an hour of extemporaneous remarks...