Tesla to seek approval for $45 billion pay deal for Elon Musk

Published: 17 April 2024 at 17:30

Tesla is seeking shareholder approval for a $45 billion pay deal for its billionaire CEO Elon Musk, which was initially struck down in court due to Musk's influence over the board. Despite the court's decision, Tesla's chairman is urging investors to support the deal and consider moving the company's state of incorporation from Delaware to Texas. The pay package, set in 2018, is aimed at keeping Musk incentivised, who does not receive a salary but is worth an estimated $143 billion.

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SOURCES

Tesla wants shareholders to vote again on Musk's $56 billion payout

CBS News

Tesla asks shareholders to back $56bn pay for Elon Musk rejected by judge

https://www.theguardian.com/profile/nick-robins-early

Tesla asks investors to approve Elon Musk’s $56B pay package — months after it was voided by Delaware court

NY Post

Tesla revives Musk’s multibillion-dollar pay proposal despite court ruling

Washington Post

Tesla to ask shareholders to reinstate $55 billion pay package for Musk

ABC News

Tesla wants shareholders to reinstate $56 billion Musk pay package tossed by a Delaware judge

ABC News

Tesla wants shareholders to reinstate $56 billion Musk pay package tossed by a Delaware judge

ABC News

Tesla pushes for $56bn pay deal for Elon Musk

Yahoo! News

Tesla asks shareholders to reinstate Musk's $56 billion pay package, approve move to Texas

Yahoo! News

Tesla is putting Elon Musk’s pay package up for another vote after a judge voided the first one

The Verge

Tesla wants shareholders to reinstate $56 billion Musk pay package tossed by a Delaware judge

By TOM KRISHER and MICHELLE CHAPMAN

Tesla asks shareholders to vote again on Musk's $56 billion payout

NBC

Tesla asks shareholders reinstate Elon Musk's pay, move to Texas

Fox News

Tesla seeks to award Elon Musk $56bn pay package

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Tesla will ask shareholders to re-approve Musk multibillion dollar payday thrown out by judge | CNN Business

Chris Isidore

Why Tesla wants to give Elon Musk a $55 billion pay package

Business Insider

Musk's £45bn payday goes to a vote

Leah Montebello