Overview

• Shareholders also approved relocating Tesla's incorporation from Delaware to Texas.
• The reapproval does not automatically reinstate the pay package, pending further legal challenges.
• Musk's compensation plan is tied to Tesla's performance milestones, originally valued at $56 billion.
• The decision reflects strong support for Musk despite concerns about his focus and governance issues.
• Institutional investors and proxy advisors had recommended voting against the pay package.