Michael Barbaro

The pay plan is the largest in corporate history for a CEO.

The arrangement, which requires Tesla to hit ambitious financial milestones under Musk, aroused skepticism from some shareholders.

But Musk had threatened to leave Tesla if the plan had been rejected.

And on Thursday, former House Speaker Nancy Pelosi of California said that she will retire from Congress when her term expires in 2027, ending a path-breaking career in which she rose to become the most powerful woman in American government.

In a video, Pelosi said that after nearly 40 years in the House of Representatives, the time had finally come to leave it.

Today's episode was produced by Mary Wilson and Stella Tan.

It was edited by Chris Haxell and Paige Cowan, with help from Rachel Quester.

Contains music by Rony Misto and Dan Powell.

And was engineered by Alyssa Moxley.

The Daily's engineers are Chris Wood and Alyssa Moxley, with engineering support from Brad Fisher, Matty Maciello, Nick Pittman, and Kyle Grandillo.

Our theme song is by Ben Lansford and Jim Brunberg of Wonderly.

Our radio team is Jody Becker, Rowan Emisto, Diane Wong, and Katherine Anderson.

Alexandra Lee Young is our Deputy Executive Producer.

Michael Benoit is our Deputy Editor.

Paige Cowett is the Editor of The Daily.

Ben Calhoun is our Executive Producer.

Special thanks to Paula Schumann, Larissa Anderson, Sam Dolnik, and to the founding editor of the show, Lisa Tobin.

That's it for The Daily.

I'm Michael Barbaro.

See you on Monday.