Tesla shareholders vote in support of Elon Musk's historic pay package at annual meeting

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Tesla shareholders vote in support of Elon Musk's historic pay package at annual meeting
France Dernières Nouvelles,France Actualités
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At Tesla’s annual meeting on Thursday, shareholders were asked to vote on a dozen proposals, including CEO Elon Musk’s 2018 pay package.

Tesla shareholders vote to ratify CEO Elon Musk's 2018 pay package, after a Delaware judge rescinded it in January.Tesla shares rose 2.9% on Thursday after Musk said shareholders were on track to approve his pay package and a resolution to move the company's incorporation to Texas.mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board.

Tesla shares rose 2.9% in regular trading on Thursday to close at $182.47 after Musk posted on X that the proposal was set to be approved. The stock is still down 27% for the year, as Tesla reckons with declining sales tied to an aging lineup of electric vehicles and increased competition in China.

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