Elon Musk's friends and fans applaud shareholder vote on his payday
Tesla shareholders reaffirmed a pay award worth more than $45 billion for Elon Musk on Thursday, but before the announcement was made official at the company's annual meeting in Austin, Texas, Musk posted the news on X, his social media platform.
«Both Tesla shareholder resolutions are currently passing by wide margins!» he wrote in a post late Wednesday. «Thanks for your support!!»
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitMIT xPROMIT Technology Leadership and InnovationVisit For months, Musk's supporters have used the social media site, which he purchased for $44 billion in 2022, to drum up support for his massive payday, and Tesla board members warned he could leave the company if shareholders voted against him.
But for some Tesla investors, Musk's involvement with X has been the primary cause of concern, stirring complaints that the pay package has drawn his attention away from Tesla and into other ventures. Musk has also used the platform to promote right-wing conspiracy theories and vulgar content, offending some of his employees and investors.
On X, shareholder approval of the pay package was met with praise from Musk's legion of supporters — some cheering before the official vote was announced. They included retail investors, friends in the technology industry and media personalities.
«Congrats on getting paid what you're owed E!» wrote Jason
