Shareholders Vote in Favor of Granting Elon Musk $56 Billion Compensation Package

Thursday, 13 June 2024, 21:30
In a significant move, Tesla shareholders have backed a $56 billion pay package for Elon Musk, emphasizing performance-based criteria. Despite earlier legal obstacles, Musk secures overwhelming support from investors for the incentive plan. The approval highlights confidence in Musk's strategic vision and leadership at Tesla.
Mashable
Shareholders Vote in Favor of Granting Elon Musk $56 Billion Compensation Package

Elon Musk's Compensation Approval

In a historic move, Tesla shareholders greenlight a $56 billion pay package for Elon Musk, emphasizing performance metrics.

Support from Shareholders

Shareholders back Musk in a crucial vote, demonstrating confidence in his leadership and strategic direction.

  • Performance-Based Plan: Musk to receive compensation based on achieving company milestones.
  • Legal Challenges Overcome: The court's previous objections are overridden by shareholder approval.
Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

Subscribe to our newsletter for reliable and up-to-date news in the world of technology. Stay informed and boost your tech knowledge.

Subscribe