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Tesla shareholders will pay Elon Musk a $56 billion bonus

Natasha Kumar By Natasha Kumar Jun14,2024

Tesla shareholders will pay Elon Musk a $56 billion bonus

Photo: ua.depositphotos.com

Tesla shareholders voted for a compensation package for Elon Musk in the amount of $56 billion and the transfer of the legal address of the electric vehicle manufacturer to Texas.

On June 13, Tesla shareholders approved a compensation package for Elon Musk. They will pay him a one-time bonus of $56 billion for successful management of the company. Musk himself announced this on the social network X, publishing a diagram showing this decision, reports CNN.

Another vote concerns the transfer of the legal address of the electric vehicle manufacturer to Texas.

Another vote concerns the transfer of the legal address of the electric vehicle manufacturer to Texas.

— Both Tesla shareholder resolutions now pass by a landslide! Thanks for your support, — wrote the entrepreneur.

The Tesla CEO still faces a legal battle. In January, a Delaware court invalidated the compensation package, calling it incomprehensible.

By the way, shareholders are allowed to change their votes before the annual meeting.

Previously BAGNET reported that  Elon Musk may leave Tesla due to refusal of a $56 billion bonus. Then the chairman of the board of directors, Robin Denholm, said that Musk is an atypical leader, like the company itself, and that the entrepreneur still has many ideas. He made it clear that Elon needed to be “kept” within Tesla.

Prepared by: Sergey Daga

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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