Tesla Shareholders Approve Elon Musk’s $56-Billion Pay Package

Tesla’s shareholders overwhelmingly approved on Thursday a 2018 CEO remuneration plan that would give Elon Musk a pay package of up to $56 billion in value. At Tesla’s Annual Stockholders’ Meeting, stockholders approved the ratification of the 2018 CEO Performance Award and the redomestication of the company to Texas, the EV manufacturer said in a statement. Stockholders, as recommended by the board, voted for a Tesla proposal to ratify the 100% performance-based stock option award to Elon Musk that was proposed to and approved…