Shareholders approve Elon Musk’s $56B Tesla pay package

Tesla CEO Elon Musk’s now infamous $56B pay package has been in limbo since a Delaware court overturned the 2018 compensation plan in January of this year. The plan called for rewarding Elon Musk handsomely for increasing Tesla’s valuation from around $60B to $650B, a goal once considered laughably unlikely, with the option for Musk to purchase millions of shares at a pre-determined price.