Musk says Tesla investors backing pay deal

By 2024-06-13Science & Tech

Tesla boss Elon Musk says shareholder votes on a record-breaking payout to the multi-billionaire and a plan to move the firm’s legal headquarters to Texas are “currently passing by wide margins”.

Tesla shareholders have been voting on several proposals, including one that could confirm a pay deal for Mr Musk, that was worth $56bn (£43.8bn) when it was first agreed in 2018.

The company is due to make an official announcement on the result of the vote at a meeting on Thursday.

Tesla did not immediately respond to a request for comment from BBC News.

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