Musk says Tesla shareholder vote on $56 billion pay package passes by wide margin Reuters

(Reuters) – Tesla (NASDAQ: ) shareholder decisions about Chief Executive Elon Musk’s pay and the move of its corporate headquarters to Texas are currently being passed by a wide margin, Musk said in a social media post on Wednesday.

Shareholders of electric car maker Tesla voted on a proposal to approve CEO Musk’s 2018 package, which was worth $56 billion at the time. The result will be announced at the meeting to be held on June 13.

A person familiar with the initial calculations said Musk was right on both counts.

Tesla shareholders will also vote on other proposals including the relocation of Tesla’s legal headquarters from Delaware to Texas, and the re-election of two board members: Musk’s brother Kimbal Musk, and James Murdoch.

Musk referenced his pay package decisions and move to Delaware in his tweet, thanking shareholders for their support.