Reported 7 months ago
Tesla successfully garnered support from investors for Elon Musk's $56 billion pay package, including a move to Texas, but now they face the challenge of convincing a skeptical Delaware judge. Despite vocal backing from small shareholders due to Musk's contributions to the company, recent declines in sales and stock prices led to concerns and a significant 'no' vote. Litigation is expected over the pay package ratification vote, highlighting the critical role of proving the integrity of the process and the transparency of information disclosed to investors. The final legal outcome remains uncertain and will be a prolonged process.
Source: YAHOO