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….. but it's not a patch on Musk's £35bn pay package coming soon

June 14, 2024

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Evening Standard

ELON MUSK danced with joy and said "hot damn, I love you guys" after Tesla shareholders voted to restore his record $44.9 billion (£35 billion) pay package that was thrown out by a judge this year.

- John Dunne

….. but it's not a patch on Musk's £35bn pay package coming soon

The company said the shareholders had voted in favour of Mr Musk's compensation plan, which initially was approved by the board and stockholders six years ago.

"It's incredible," a jubilant Mr Musk told the crowd gathered at Tesla's headquarters and factory in Austin, Texas. "We're not just opening a new chapter for Tesla, we're starting a new book." The package is worth an estimated 300 times what the top-earning boss in the US made last year, although the amount depends on the Tesla share price.

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