Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
David Meyer

Tesla stock soars as shareholders seemingly approve Elon Musk's supersized pay package

Elon Musk laughing (Credit: Dominika Zarzycka—SOPA Images/LightRocket/Getty Images)

I know you won’t believe this, but people in Europe are complaining about Big Tech! I’ll get to that in a minute, but first, the news everyone’s been waiting for today.

Tesla’s shareholders seem to have approved Elon Musk's contentious mega pay package, which was struck down earlier this year by a Delaware judge. Ahead of today’s crucial shareholder meeting, Musk took to X to declare victory based on the voting figures he was seeing—both on the resolution calling for the reinstatement of his pay package, which could be worth more than $55 billion, and on a separate resolution backing Tesla’s corporate move from Delaware to Texas.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.