Tesla Shareholders Approve Elon Musk’s $56 Billion Pay Package

Don Ma
By Don Ma
June 13, 2024Business Matters

Tesla shareholders approved Elon Musk’s $56 billion pay package in what is being seen as a thumbs-up to his leadership and an enticement for keeping his focus on the electric vehicle maker.

The Tesla CEO could still face a long legal fight to convince a Delaware judge who invalidated the package in January, describing it as “unfathomable.” He may also face fresh lawsuits over Thursday’s vote on the package, which dates from 2018 and would be the largest in U.S. corporate history. NTD speaks to Carl Szabo, vice president and general counsel for NetChoice, for further analysis.