HomeBusiness NewsCompanies NewsTesla calls for shareholder re-vote on Musk's $56 billion payout

Tesla calls for shareholder re-vote on Musk's $56 billion payout

In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company’s state of incorporation to Texas, from Delaware. The electric-car maker will hold its annual meeting on June 13.

Profile imageBy Bloomberg  April 17, 2024, 4:50:46 PM IST (Published)
1 Min Read
Tesla calls for shareholder re-vote on Musk's $56 billion payout
Tesla Inc. will have shareholders vote again on its compensation package for Elon Musk after a Delaware court voided the $56 billion award arranged for the chief executive officer in 2018.


In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company’s state of incorporation to Texas, from Delaware. The electric-car maker will hold its annual meeting on June 13.
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