Tesla shares surge as Elon Musk says shareholders set to approve $56B pay package

Tesla shares spiked 3.5% in early trading on Thursday after CEO Elon Musk signaled that shareholders would overwhelmingly approve his controversial $56 billion pay package, as well as his plan to relocate the company’s legal headquarters to Texas.Shareholders can cast and change their votes on the two resolutions up until 4:30 p.m. ET, when the company’s annual meeting kicks off in Texas. Musk shared charts which showed both measures were easily clearing the threshold required for passage, according to prel ...