Tesla shareholders vote to restore Elon Musk’s pay package

Vehicles pass the Tesla gigafactory in Austin, Texas (Eric Gay/AP)

Thu, 13 Jun, 2024 - 22:56

Tom Krisher and David Hamilton, Associated Press

Tesla shareholders have voted to restore chief executive Elon Musk’s record 44.9 billion US dollar (£35 billion) pay package that was thrown out by a Delaware judge earlier this year.

Vote totals were not immediately announced at Tesla’s annual stockholders’ meeting on Thursday, but the company said they voted for Mr Musk’s compensation plan, which initially was approved by the board and stockholders six years ago.