Reported about 1 year ago
Tesla, the leading electric car company in the US, had its shareholders vote on Elon Musk's staggering $56 billion compensation plan, while also approving the relocation of the company from Delaware to Texas. Despite opposition from some major shareholders, Musk predicted the resolutions would be overwhelmingly passed even before the results were revealed, with over a million viewers tuning in to the livestream. Musk also outlined Tesla's pricing strategy, emphasizing making electric cars affordable for all, and discussed plans for new self-driving hardware and increased robot deployment at Tesla factories. The approved compensation plan may lead to further legal battles, with a law professor suggesting potential challenges to prove the shareholder votes were not coerced and that Musk did not influence the outcome.
Source: YAHOO