Musk says Tesla shareholder vote for $56 billion pay package passing by wide margins By Reuters

(Reuters) – Tesla (NASDAQ:) shareholder decisions on CEO Elon Musk's pay package and its move to move legal headquarters to Texas are currently passing by wide margins, Musk said in a post on social media platform X on Wednesday.

Electric car maker Tesla shareholders are voting on a proposal to ratify CEO Musk's 2018 incentive package, worth up to $56 billion at the time. The result will be announced at a meeting on June 13.

A person familiar with the initial tally said that Musk was right on both counts.

Tesla shareholders will also vote on other proposals including moving Tesla's legal headquarters from Delaware to Texas, as well as the re-election of two board members: Musk's brother, Kimbal Musk, and James Murdoch.

Musk referred to the decisions regarding his pay package and move to Delaware in a tweet, thanking shareholders for their support.