Comment on Tesla asks shareholders to approve Texas move and restore Elon Musk’s $56B pay

Tesla asks shareholders to approve Texas move and restore Elon Musk’s $56B pay

Enlarge / Tesla CEO Elon Musk at an opening event for Tesla's Gigafactory on March 22, 2022, in Gruenheide, southeast of Berlin. (credit: Getty Images | Patrick Pleul) Tesla is asking shareholders to approve a move to Texas and to re-approve a $55.8 billion pay package for CEO Elon Musk that was recently voided by a Delaware judge. Musk's 2018 pay package was voided in a ruling by Delaware Court of Chancery Judge Kathaleen McCormick, who found that the deal was unfair to shareholders.

 

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