Elon Musk claims he is set for victory in $56 billion Tesla pay vote

📆 13/06/2024 5:33 PM
📰 CNBC

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Elon Musk said Tesla shareholders are set to approve his $56 billion pay package and a resolution to move the electric carmaker's incorporation to Texas.

Elon Musk said late on Wednesday that Tesla shareholders are set to approve his controversial $56 billion pay package and a resolution to move the electric carmaker's incorporation to Texas.

Critics have argued the compensation is too big and that Musk is distracted by his other companies, like social media platform X. Those in favor say that Musk is key to Tesla's future success.Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California.

Musk now said that both of these resolutions are currently passing by "wide margins," without disclosing specifics.

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