Skip to main content

Tesla Shareholders Will Vote on Elon Musk's Big Payday. What Happens Then?

·1 min

After months of dispute over Elon Musk’s pay package, which included stock grants now valued at approximately $56 billion, shareholders at Tesla will vote on whether to reapprove the compensation deal. The company’s chair believes it is crucial for Tesla to stand by the deal in order to retain Musk’s attention and motivation. Regardless of the vote’s outcome, further legal battles may arise. Tesla could use shareholder approval to argue its case in court, stating that shareholders have reratified the proposal. If the compensation plan is declared acceptable, the plaintiffs are likely to appeal, arguing that the new vote doesn’t resolve the matter that was previously decided by a judge.