Tesla shareholders voted to ratify CEO Elon Musk’s 2018 pay plan at the annual meeting, despite a Delaware judge ordering its rescission five months…
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe's 2018 pay plan at the annual meeting, despite a Delaware judge ordering its rescission five months earlier. The vote, a public relations win for Musk, doesn't override the court's ruling but may aid his future efforts to secure performance options.
Elon Musk claims Optimus robots could make Tesla a $25 trillion company — more than half the value of the S&P 500 todayin Washington, promising tax cuts and reduced business regulations if reelected. He pledged to reinstate economic policies from his first term and proposed eliminating taxes on worker tips. The meeting, part of the Business Roundtable's quarterly event, aimed to rebuild ties strained after Trump's controversial comments in 2017 and the Capitol riot in 2021.
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