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Fortune
Fortune
Paolo Confino

Elon Musk’s $46 billion told-ya-so: love for ‘incredible’ shareholders, dunks on New York investors, and the promise of a 110x increase in value

Elon Musk in a tuxedo (Credit: JC Olivera)

Elon Musk walked out on stage and did a celebratory jumping jack. His arms stretched wide over his head as he hopped in jubilation. 

The galvanized Musk had just been re-granted his $46 billion pay plan that a Delaware judge had previously voided. Tesla shareholders voted to reinstate the package, which the company’s board had lobbied for them to do, and signed off on moving its state of incorporation to Texas. 

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