Tesla investors support Musk’s historic pay agreement

Tesla investors have officially given their stamp of approval on a historic pay deal for billionaire CEO Elon Musk. In a recent vote, shareholders agreed to a plan that could potentially see Musk earn a staggering $55.8 billion over the next decade, contingent on the company hitting certain growth targets. This makes it one of the largest corporate pay deals in history.

The approval of this pay package comes at a time when Tesla is facing increased scrutiny and pressure to deliver on its ambitious plans for growth and profitability. Despite some concerns about the size of the package and its implications for the company’s financial health, the majority of shareholders have chosen to support Musk and his vision for the future of Tesla.

In addition to the pay deal, shareholders have also approved a plan to relocate the electric car maker’s legal headquarters from California to Texas. This move is seen as a strategic decision to further align Tesla with Musk’s other business ventures, such as SpaceX and the Boring Company.

Overall, the backing of these significant decisions by Tesla investors reflects their confidence in Musk’s leadership and their belief in the long-term potential of the company. As Tesla continues to push boundaries and revolutionize the automotive industry, it seems that investors are willing to stand behind Musk and his bold vision for the future.