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Forbes
Forbes
13 Jun 2024


Tesla CEO Elon Musk said Wednesday night the company’s shareholders have voted to reinstate his massive 2018 compensation deal worth around $50 billion, months after it was invalidated by a Delaware judge.

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Telsa CEO Elon Musk said the company's shareholders have voted in favor of restoring his massive $50 ... [+] billion pay package.

AFP via Getty Images

In a post on X, Musk said the shareholder resolutions on his remuneration and reincorporating the company in Texas were “passing by wide margins.”

The post included a graph showing both measures had already garnered significantly more votes than what is needed for their passage.

Musk’s post also thanked the company’s shareholders for their support.

This is a developing story.