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Tesla Shareholders Reapprove Musk's $56 Billion Pay Package with 73% Approval, Stock Surges Over 7%

Jun 13, 2024, 03:22 AM

Tesla shareholders have voted to reapprove Elon Musk's $56 billion 2018 compensation package. About 73% of the shareholders who voted approved the package. This decision comes as both Tesla shareholder resolutions are currently passing by wide margins, with the final 60 minutes of voting underway. Following the announcement, Tesla's stock surged over 7% in overnight trading, reaching above $190.