Tesla shareholders back CEO Elon Musk’s huge bonus | Brief message

Electric car giant Tesla’s shareholders voted today to reinstate CEO Elon Musk’s massive bonus package.

Elon Musk, the main owner of Tesla, is the third richest person in the world. Photo: Trevor Coakley / AC Newsphoto / Alamy / AOP Credit: Trevor Coakley / AC Newsphoto / Alamy / AOP

Tesla shareholders voted for CEO today Elon Musk’s A company official said on Thursday that the huge bonus package was invalidated by a Delaware court, AFP news agency reported.

Based on preliminary voting results, the company’s secretary said investors would back Musk to pay up to $56 billion, or about 52 billion euros, in bonuses. Brandon Ehrhardt At Tesla’s annual meeting in Austin, Texas.

At the annual meeting, shareholders also approved the company’s relocation from Delaware to Texas.

The bonus dispute dates back to 2018, after which the reward was disputed and legal action was taken. One of Tesla’s shareholders had previously challenged the bonus, and a Delaware state court struck down the bonus arrangement in January.

An American law professor reviews News agency ReutersEven if shareholders approve the bonus arrangement, a Delaware court may reject it.

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