Musk says Tesla shareholder vote for $56 billion pay package passing by wide margins
) shareholder resolutions on Chief Executive Elon Musk's pay package and its move to shift legal headquarters to Texas are currently passing by wide margins, Musk said in a post on social media platform X on Wednesday.
Musk referred to the resolutions on his pay package and the move in his tweet, thanking shareholders for their support. The board said the world's richest person deserves the package, because he hit all the ambitious targets on market value, revenue and profitability. Musk has threatened to build AI and robotics products outside Tesla, if he fails to gain enough voting control, which requires the 2018 pay package to be approved.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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