Reported 7 months ago
Tesla's stock surged as Elon Musk revealed that shareholders voted in favor of re-approving his compensation package and relocating the company to Texas. The CEO shared the voting results on Twitter, showing significant approval. This decision holds more symbolic than legal significance, with key supporters including Baillie Gifford & Co. and Ron Baron. The outcome may impact Musk's future at Tesla and potential legal challenges due to the relocation.
Source: YAHOO