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Tesla Shareholders Approve Elon Musk's Compensation Package

Tesla CEO Elon Musk leaves the Tesla Gigafactory for electric cars after a visit in Gruenheide near Berlin, Germany, March 13, 2024. If Tesla shareholders vote against restoring Elon Musk's $44

Tesla shareholders are set to vote on an all-stock compensation package for CEO Elon Musk that could determine his future with the company. The package, previously rejected by a Delaware judge, would secure Musk's continued leadership at Tesla, a global leader in electric vehicles transitioning towards AI and robotics, particularly autonomous vehicles.

Early voting results suggest shareholders are in favor of Musk's pay package and other company initiatives, such as relocating Tesla's legal home to Texas. Musk has hinted at exploring AI research at other companies if the package is not approved.

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