From Investing.com: 2024-06-14 01:16:12

Tesla shareholders approved CEO Elon Musk’s $56 billion pay package, showing strong support for his leadership. Musk described himself as “pathologically optimistic” at the annual shareholder meeting in Texas. The approval does not resolve a lawsuit on the pay package in a Delaware court. Shareholders also approved moving the company’s legal home to Texas and re-elected board members. Musk may face lawsuits on the package, despite the shareholder approval. In an update on Tesla’s performance, Musk said the company recently shipped a record 1,300 Cybertrucks in a week and has plans for volume production of its Semi trucks.



Read more at Investing.com: Tesla’s Musk wins shareholder approval for $56 billion pay package, touts his ability to ‘deliver’ By Reuters