Tesla Shareholders Vote Yes for Musk's $56 Billion Pay Package

Thursday, 13 June 2024, 02:59

Tesla shareholders have overwhelmingly approved a $56 billion pay package for Elon Musk and decided to relocate the company's legal home to Texas. This historic vote signifies investor confidence in Musk and provides leverage for Tesla in legal battles. Despite the approval, Musk may still face challenges in the courts, including scrutiny over board independence.
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Tesla Shareholders Vote Yes for Musk's $56 Billion Pay Package

Elon Musk's $56 Billion Pay Package Approval

(Reuters) - Tesla shareholders have voted to approve a $56 billion pay package for Elon Musk and to relocate the company's legal headquarters to Texas. The significant shareholder support indicates confidence in Musk's leadership and strategy.

Legal Battles and Challenges

While the approval may boost investor sentiment and Tesla's position, Musk could still encounter legal hurdles. A Delaware judge's concerns about board independence and potential lawsuits pose ongoing challenges.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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