Elon Musk to get $29 billion richer after pay package approved. Tesla’s stock jumps.
129d ago
Business
MarketWatch
Tesla shares are expected to rise today following shareholder approval of CEO Elon Musk's compensation package, potentially increasing his holdings by over 500 million shares. The $29 billion pay package had been a point of contention, but its approval signifies strong shareholder confidence in Musk's leadership and future performance. This boost in stock value will significantly increase Musk's net worth, solidifying his position as one of the world's wealthiest individuals. The decision is anticipated to have a positive impact on investor sentiment and Tesla's overall market capitalization.