Tesla pops 7% in premarket after Elon Musk says he is set for victory in $56 billion pay vote

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.said shareholders are set to approve his controversial $56 billion pay package and a resolution to move the electric carmaker's incorporation to Texas.Tesla shareholders have been voting on two resolutions and can have their say up to the company's annual meeting on Thursday.

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