Elon Musk forecasts landslide win in vote over his pay

13 June 2024, 5:41 pm

Fleet Auto News
Elon Musk forecasts landslide win in vote over his pay
Image: CarExpert
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Elon Musk forecasts landslide win in vote over his pay
Image: CarExpert

AutoExec Summary
Elon Musk is set to receive a record-breaking compensation package from Tesla pending shareholder approval, including a $56 billion pay packet. The deal was previously blocked by a Delaware judge, prompting Musk to propose reincorporating Tesla in Texas. Current voting trends suggest both proposals will be approved. The final outcomes will be revealed at a shareholder meeting on June 13. The controversy stems from a previous compensation deal that was revoked due to concerns over fairness and lack of transparency. Tesla’s sales have also recently declined.

Brands mentioned:
Tesla, BYD

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