The final results of Tesla's shareholder vote aren't out yet but Elon Musk is celebrating already. Musk said the proposals on his pay deal and to reincorporate in Texas are "passing by wide margins.
Tesla appears to have convinced an army of small investors and major funds to ratify Elon Musk's $56 billion pay package. Now comes the harder part: persuading an already skeptical Delaware judge to recognize it.
Thursday vote seen as referendum on CEO's leadership after judge struck down ‘unfathomable' pay in January
A yes vote gives the electric carmaker more ammunition in a Delaware court, where a judge voided the 2018 pay package plan, which at the time was the largest in US corporate history, saying the board was "beholden" to CEO Musk.
Tesla CEO Elon Musk said Wednesday night the company's shareholders have voted to reinstate his massive 2018 compensation deal worth around $50 billion, months after it was invalidated by a Delaware judge.
Tesla mechanics in Sweden have been striking for six months with little movement from their employer. Nordic shareholders hope to change that.
A huge run-up in the stock's value followed a 2018 vote on Elon Musk's compensation package. But investors have recently become less enamored.
Both Tesla shareholder resolutions are currently passing by wide margins, Elon Musk said in a post on social media platform X on Wednesday.
The highly anticipated 2024 Tesla Inc TSLA shareholders meeting will be held Thursday, June 13 and includes an important vote on a new compensation plan for CEO Elon Musk.
The largest public pension fund in the U.S. just came out against Tesla Inc. Chief Executive Elon Musk's $56 billion pay package, this time officially.
Electric vehicle leader Tesla Inc TSLA will host its annual shareholders meeting on Thursday.
A favorable vote would reaffirm Musk's leadership and potentially motivate him to continue driving Tesla's (TSLA) ambitious projects.