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Kiplinger
Kiplinger
Business
Joey Solitro

What's Next After Tesla CEO Elon Musk's Pay Package Vote?

Closeup of Tesla CEO Elon Musk in a suit at Gigafactory in Berlin.

Tesla (TSLA) stock popped this week as investors awaited then digested the results of a shareholder vote that ultimately reinstated CEO Elon Musk's estimated $56 billion pay package. The vote also gave shareholder approval to the electric vehicle maker moving its state of incorporation to Texas from Delaware.

Musk's compensation package was approved in 2018 and was tied to specific performance milestones, including a significant increase in Tesla's market cap.

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