David Ingram covers tech for NBC News.
Tesla CEO Elon Musk won the backing of shareholders Thursday in his fight to reclaim a $56 billion pay package voided by a Delaware judge who ruled the record-breaking compensation was excessive. Shareholders voted in favor of restoring the package they approved in 2018, Brandon Ehrhart, Tesla’s general counsel and board secretary, announced on stage at the company’s annual shareholder meeting. He did not announce the vote totals.
And last week, a different Tesla shareholder from the one involved in the earlier case filed a new lawsuit, arguing that the second vote should be ruled invalid. Musk has become a much more polarizing public figure than he was several years ago, including by embracing extreme views on immigration and transgender rights. He has also grown closer to former President Donald Trump. The shareholder vote, though, solidifies his position atop Tesla.
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