Editor’s Note: The headline of this article has been updated to ensure accuracy.
Elon Musk, the CEO of Tesla Inc. (NASDAQ:TSLA), has announced that the company’s shareholder resolutions are passing with significant margins.
What Happened: Musk shared the news on X on Wednesday, along with screenshots of the shareholder vote graph. The resolutions are part of the highly anticipated 2024 Tesla Inc shareholders meeting, which is scheduled for Thursday, Jun. 13. The meeting will include a crucial vote on a new compensation plan for Musk.
Musk wrote, “Both Tesla shareholder resolutions are currently passing by wide margins!” he also expressed gratitude for the significant support received.
The meeting will be a limited in-person event for shareholders at the Tesla gigafactory in Texas. A random drawing was conducted to ...