Elon Musk says Tesla stockholders approving his $56 billion pay package by 'wide margins'

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Tesla News

Elon Musk

Tesla CEO Elon Musk says the electric vehicle company's shareholders are voting 'by wide margins' to approve his multibillion-dollar pay package.

Tesla CEO Elon Musk said late Wednesday that the electric vehicle company's shareholders were voting to approve his multibillion-dollar pay package by 'wide margins,' in a post on his social media platform X ahead of the vote's conclusion.

' Tesla also launched a sweepstakes of sorts in which 15 investors who vote would be randomly picked for a tour of Tesla's plant in Austin, Texas personally led by Musk and vehicle designer Franz von Holzhausen. Shareholders overwhelmingly backed the Musk compensation plan in March 2018, but it was struck down by a Delaware judge in January.

 

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