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Snapshot 3:Thu, Jun 13, 2024 2:58:16 PM GMT last edited by Haakan

Musk says Tesla shareholders voting yes for his $56 bln pay package

Musk says Tesla shareholders voting yes for his $56 bln pay package

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The Spin

Elon Musk's $56 billion compensation from Tesla is the largest remuneration in US corporate history. Some may consider it excessive, but it's beneficial for the company. The deal ensures that Elon Musk will continue to create value for the stockholders. Without Musk, there would be no Tesla.

Disclosing vote counts before the completion of the voting process, as Elon Musk did on Wednesday, may potentially result in legal problems for Tesla if the information turns out to be wrong. The stock has risen since Musk's post on X; This could persuade people to vote your way and make those who are against you back down. Anyone who bought stock based on that information could file a securities lawsuit against Musk and Tesla.

Metaculus Prediction

There is a 48% chance Elon Musk will be the richest person in the world on December 31, 2025, according to the Metaculus prediction community.


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© 2025 Improve the News Foundation.

All rights reserved.

Version 6.18.0