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13-06-2024, 10:02 PM
Tesla shareholders have backed a record-breaking pay package for boss Elon Musk and approved a plan to move the firm's legal headquarters to Texas.
The results are a victory for the billionaire, who had campaigned fiercely for the payout, which was worth $56bn (£43.8bn) when it was first agreed in 2018.
The company had asked shareholders to re-approve the deal, after a judge in Delaware voided the package earlier this year.
The company did not immediately disclose the margin of the vote.
Mr Musk had previewed the results in a post on his social media company, X, formerly known as Twitter, where he thanked his supporters.
Shares in the company closed up nearly 3% after Mr Musk's announcement.
https://www.bbc.co.uk/news/articles/cleezyxjv4jo
The results are a victory for the billionaire, who had campaigned fiercely for the payout, which was worth $56bn (£43.8bn) when it was first agreed in 2018.
The company had asked shareholders to re-approve the deal, after a judge in Delaware voided the package earlier this year.
The company did not immediately disclose the margin of the vote.
Mr Musk had previewed the results in a post on his social media company, X, formerly known as Twitter, where he thanked his supporters.
Shares in the company closed up nearly 3% after Mr Musk's announcement.
https://www.bbc.co.uk/news/articles/cleezyxjv4jo