PANews reported on November 7th that Tesla (TSLA.O) shareholders approved Elon Musk's compensation plan with a 75% majority vote, supporting his vision to transform the electric car maker into an artificial intelligence and robotics giant. Under the new plan, Musk could earn up to $878 billion from Tesla stock over 10 years. Musk will receive up to $1 trillion in stock, but will have to pay Tesla certain sums. Analysts say the vote is favorable for Tesla's stock, as Tesla's valuation depends on Musk's vision of developing self-driving cars, expanding robotaxis in the US, and selling humanoid robots, despite his far-right political rhetoric damaging Tesla's brand this year.PANews reported on November 7th that Tesla (TSLA.O) shareholders approved Elon Musk's compensation plan with a 75% majority vote, supporting his vision to transform the electric car maker into an artificial intelligence and robotics giant. Under the new plan, Musk could earn up to $878 billion from Tesla stock over 10 years. Musk will receive up to $1 trillion in stock, but will have to pay Tesla certain sums. Analysts say the vote is favorable for Tesla's stock, as Tesla's valuation depends on Musk's vision of developing self-driving cars, expanding robotaxis in the US, and selling humanoid robots, despite his far-right political rhetoric damaging Tesla's brand this year.
Tesla shareholders approve Musk's $878 billion compensation plan
PANews reported on November 7th that Tesla (TSLA.O) shareholders approved Elon Musk's compensation plan with a 75% majority vote, supporting his vision to transform the electric car maker into an artificial intelligence and robotics giant. Under the new plan, Musk could earn up to $878 billion from Tesla stock over 10 years. Musk will receive up to $1 trillion in stock, but will have to pay Tesla certain sums. Analysts say the vote is favorable for Tesla's stock, as Tesla's valuation depends on Musk's vision of developing self-driving cars, expanding robotaxis in the US, and selling humanoid robots, despite his far-right political rhetoric damaging Tesla's brand this year.
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