Tesla resubmits CEO Elon Musk's $56B pay package vote.

Tesla is asking shareholders to vote on reinstating Elon Musk's $56 billion compensation package from 2018, after a Delaware judge rejected it earlier this year. Tesla also plans to hold a vote on relocating the company's state of incorporation from Delaware to Texas. The Delaware Chancery Court had previously ruled that Tesla's compensation plan was unfair to shareholders.

April 17, 2024
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