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Tesla shareholder vote on Musk's historic pay package won't resolve 'legal disputes' - TL;DR CNBC

Tesla shareholder vote on Musk's historic pay package won't resolve 'legal disputes'

Publishing timestamp: 2024-06-13 08:32:01


Summary

Tesla shareholders will vote on whether CEO Elon Musk should receive his historic pay package, which was rescinded by a Delaware judge in January. The proposal to reinstate the pay plan is contentious, with large institutional investors opposing it. Musk's recommendation to move Tesla's site of incorporation to Texas will also be voted on. Despite challenges facing Tesla, Musk remains optimistic about the future of the company, particularly in artificial intelligence software and self-driving technology.


Sentiment: MIXED

Tickers: TSLA

Keywords: climateelon muskbreaking news: technologyautostesla incbusiness newsventure capitaltechnology

Source: https://www.cnbc.com/2024/06/13/tesla-shareholder-vote-on-musk-pay-plan-wont-clear-legal-disputes.html


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