Tesla Shareholders Approve CEO Elon Musk’s $56 Billion Compensation

The pay package shareholders voted to approve was initially granted by Tesla to Mr. Musk in 2018.

This illustration image created on June 12, 2024, in Los Angeles, shows businessman Elon Musk's campaign launched on X ahead of Tesla shareholders meeting in front of his picture on a screen. Chris Delmas/AFP via Getty Images

Shareholders at Tesla on June 13 voted to ratify CEO Elon Musk’s $56 billion compensation package and approved a plan to move the electric vehicle maker’s legal headquarters to Texas.

On the social media platform X, which he owns, Mr. Musk shared what appeared to be two charts showing the results of the vote ahead of Tesla’s annual meeting in Austin, Texas.