Tesla Shareholders Approve Elon Musk's $56 Billion Pay Package; Kimbal Musk And James Murdoch Reelected As Directors; Investors Support Moving Jurisdiction To Texas From Delaware
Portfolio Pulse from Benzinga Newsdesk
Tesla shareholders have approved Elon Musk's $56 billion pay package. Additionally, Kimbal Musk and James Murdoch have been reelected as directors. Investors also supported moving the company's jurisdiction from Delaware to Texas.
June 13, 2024 | 9:10 pm
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Tesla shareholders have approved Elon Musk's $56 billion pay package, reelected Kimbal Musk and James Murdoch as directors, and supported moving the company's jurisdiction to Texas from Delaware.
The approval of Elon Musk's substantial pay package and the reelection of key directors indicate strong shareholder confidence in the company's leadership. The move to Texas could also have favorable regulatory and tax implications, potentially boosting investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100