Tesla Shareholders Vote Yes for Musk's $56 Billion Pay Package
Thursday, 13 June 2024, 02:59
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.
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