Synopsis
Tesla’s board has requested shareholders to approve Elon Musk’s 2025 compensation package deal. The proposal, set for a shareholder vote, highlights Musk’s function in Tesla’s success and goals to safe his continued dedication as CEO.
Tesla’s board on Friday sought investor approval for CEO Elon Musk‘s 2025 compensation package deal and the corporate’s shareholders requested the board to authorize an funding within the billionaire’s xAI startup.
Shares of the EV maker rose 2% in premarket buying and selling following the information.
Tesla’s board earlier this yr permitted an interim compensation package deal for CEO Elon Musk value about $29 billion in restricted inventory, designed to maintain him on the helm by means of at the least 2030 as the corporate pivots to an AI-first technique.
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