Investors and Musk’s supporters, including X CEO Linda Yaccarino, applauded the results. The tally will be finalized at a shareholder meeting later Thursday.
Tesla CEO Elon Musk, seen on Capitol Hill in September, tweeted Wednesday night that enough shareholders had voted to re-approve his 2018 pay package. SAN FRANCISCO — Tesla shareholders re-approved Elon Musk’s 2018 pay package by a wide margin, Musk posted on X on Wednesday night,A Delaware judge invalidated the package, worth as much as $56 billion, earlier this year, arguing that the process that led to the deal had been unfair.
Musk, who remains among the richest people regardless of whether he keeps the pay package, also said a shareholder vote to reincorporate in Texas, rather than Delaware, was leading by a large margin.does not immediately restore Musk’s pay, but it sends a strong signal that the deal has the broad support of Tesla’s investors. The full results are expected to be revealed Thursday at a Tesla shareholder meeting in Austin.
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