(Reuters) – Tesla (NASDAQ:) shareholder decisions regarding CEO Elon Musk’s compensation package and his decision to move its legal headquarters to Texas are now being made by a wide margin, Musk said in a post on social media platform X on Wednesday.
Shareholders of electric car maker Tesla are voting on a proposal to ratify CEO Musk’s 2018 incentive package, which was valued at $56 billion at the time. The results will be announced at the meeting on June 13.
A person familiar with the preliminary calculations said Musk was correct on both counts.
Tesla shareholders will also vote on other proposals, including moving Tesla’s legal headquarters from Delaware to Texas, as well as the re-election of two board members: Musk’s brother Kimbal Musk and James Murdoch.
In a tweet, Musk referenced decisions about his pay package and move to Delaware, thanking shareholders for their support.