Here’s How Elon Musk’s Pay Package Vote Could Affect Tesla Stock

After a few weeks of headlines debating whether or not Tesla CEO Elon Musk would see shareholders successful endorse a proposed pay package — one potentially worth $1 trillion, should all milestones be met — the answer was made plain on Nov. 6 following the automaker’s annual shareholder meeting in Austin, Texas. The result: A strong endorsement of the pay package, with an estimated 75% of shareholders answering in the affirmative. Following the announcement of the voting results, Tesla shares ticked upwa ...