As expected, Tesla shareholders did a truly unprecedented thing, approving a pay package for Elon Musk that could, over the next decade, turn the CEO into the world’s first trillionaire.

Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.

American automaking giant General Motors was forced to absorb a $1.6 billion third-quarter loss due to the abrupt reversal of a long-standing federal incentive, the New York Times reports. GM filed documents with the Securities and Exchange Commission on ...