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Tesla says shareholders approve Musk’s $1 trillion pay plan with over 75% voting in favor

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Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025.

Hamad I Mohammed | Reuters

Tesla said shareholders voted in favor of CEO Elon Musk’s almost $1 trillion pay plan, with 75% support.

Board members recommended shareholders approve the pay plan, which they introduced in September. Top proxy advisors Glass Lewis and ISS recommended voting against it.

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