It looks like X owner and CEO of Tesla and SpaceX is going to need a bigger wallet, as Tesla shareholders voted to reinstate his mammoth $56 billion pay package Thursday after a Delaware judge spiked it January. Shareholders also approved Musk’s bid to move the company’s corporate headquarters from Delaware to Texas, where the automaker has its largest factory. Tesla shares jumped 2.9 percent on the news.
Musk was jubilant after the vote, just as I would be if I found out I might be making $56 billion:
Elon Musk dance is 🔥. Tesla shareholders have spoken. pic.twitter.com/GiLWOtt8ZI
— Tesla Owners Silicon Valley (@teslaownersSV) June 13, 2024
It’s unclear whether he will actually get the money, though, as his battle will continue:
But the fight over the $56 billion isn’t over. The Delaware judge who struck down Musk’s compensation in January is likely to be asked to rule on…
