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Tesla shareholders approved Musk’s $1 trillion pay package after moving to Texas to limit lawsuits.
Tesla shareholders approved Elon Musk’s $1 trillion pay package by a 75% vote, following a Delaware court’s 2024 invalidation of his prior $56 billion deal over governance concerns.
To shield the new package from future lawsuits, Tesla moved its legal domicile to Texas, which now enforces stricter rules for shareholder litigation, requiring a 3% ownership stake and proof of fraud or bad faith.
These changes, now in Tesla’s bylaws, limit legal standing to a few large institutional investors, making coordinated lawsuits unlikely.
The shift reflects a broader trend of companies relocating to states with more favorable corporate laws.
Los accionistas de Tesla aprobaron el paquete de pago de $ 1 billón de Musk luego de mudarse a Texas para limitar las demandas.