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Tesla Shareholders Support $50 Billion Pay Package by Wide Margins, Says Elon Musk

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Tesla Shareholders Support $50 Billion Pay Package by Wide Margins, Says Elon Musk

On Wednesday night, Tesla CEO Elon Musk announced that the company's shareholders have voted to reinstate his enormous 2018 compensation package, estimated to be worth approximately $50 billion. This decision comes months after the package was invalidated by a Delaware judge. The news, which Musk shared on X (formerly known as Twitter), indicated overwhelming support for both his pay package and the proposal to reincorporate Tesla in Texas. This article delves into the details of this shareholder vote, its implications, and the broader context surrounding Musk's leadership at Tesla. The Reinstatement of Musk’s Pay Package Background on the 2018 Compensation Deal Elon Musk's 2018 compensation package is one of the most ambitious and high-stakes pay deals in corporate history. The package was designed to align Musk's incentives with the long-term success of Tesla, linking his earnings to the achievement of specific performance milestones related to Tesla's market capita…

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