Tesla shareholders approve Musk's nearly US$50 billion pay package

Elon Musk thanked shareholders for supporting his massive compensation deal. (Image: WSJ)

Fri, 14 Jun 2024

Tesla shareholders voted to reapprove Elon Musk ’s multibillion-dollar pay package, signalling support for the EV maker’s longtime leader and giving the board ammunition in its fight to preserve the court-rejected compensation plan.Approval of the company’s proposal was announced at Tesla’s annual shareholder meeting in Austin, Texas.The company didn’t provide a percentage breakdown of the vote; in 2018, 73% of the voted shares backed it.After the results were announced, Musk appeared on stage dancing and thanking...

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