CEO Elon Musk said shareholders voted 'by wide margins' in favor of reapproving his compensation package and moving the company’s state of incorporation to Texas.
Tesla Inc. shares jumped after Elon Musk said shareholders voted “by wide margins” in favor of reapproving his compensation package and moving the company’s state of incorporation to Texas. The chief executive officer posted voting results on X, the social media site he owns, hours before shareholder voting ended and ahead of Tesla’s annual meeting Thursday in Austin. He shared two charts suggesting the proposals had been approved. Tesla shares rose as much as 7.
” “This doesn’t fully settle the matter; the compensation package can still be deemed illegal,” Piper Sandler analyst Alexander Potter wrote in a note to clients late Wednesday. “We expect the stock to respond favorably to this news, though the upside is perhaps unlikely to be as violent as the downside would have been, had shareholders rejected the deal.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warnedTesla board chair Robyn Denholm is warning shareholders that Elon Musk may leave the company if they don’t vote to approve his massive $56 billion pay package.
Read more »
Ford CEO on the future of EVs, Detroit, and his relationship with Tesla's Elon MuskInside a 111-year-old former Detroit train station, Jim Farley is charting a path for the auto giant's next 100 years. Here's our video interview with the Ford CEO.
Read more »
Tesla CEO Elon Musk says he opposes EV tax incentives, tariffs on Chinese EVsTesla CEO Elon Musk said Thursday that the Biden administration's tariffs on Chinese electric vehicles were not necessary in order for his company to remain competitive.
Read more »
Tesla CEO Elon Musk says he favors 'no tariffs' on Chinese EVsElon Musk said at a conference in Paris on Thursday that he' doesn't agree with President Biden's tariff on Chinese-made electric vehicle imports.
Read more »
Tesla CEO Elon Musk says he favors ‘no tariffs' on Chinese EVsElon Musk said at a conference in Paris on Thursday that he’ doesn’t agree with President Biden’s tariff on Chinese-made electric vehicle…
Read more »
Tesla shareholders re-approve Elon Musk’s 2018 pay package, Musk saysInvestors and Musk’s supporters, including X CEO Linda Yaccarino, applauded the results. The tally will be finalized at a shareholder meeting later Thursday.
Read more »