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Nicholas Morine

Here’s How Elon Musk’s Pay Package Vote Could Affect Tesla Stock

Elon Musk Tesla Inc. United States Business Insider

ROMUALD MEIGNEUX / SIPA/Shutterstock

After a few weeks of headlines debating whether or not Tesla CEO Elon Musk would see shareholders successful endorse a proposed pay package — one potentially worth $1 trillion, should all milestones be met — the answer was made plain on Nov. 6 following the automaker’s annual shareholder meeting in Austin, Texas.

The result: A strong endorsement of the pay package, with an estimated 75% of shareholders answering in the affirmative. Following the announcement of the voting results, Tesla shares ticked upward by about 3%, as Business Insider noted.

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One subscription that gives you access to news from hundreds of sites

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