Transportation
Tesla Asks Investors to Approve Musk’s $56 Billion Pay Again
- Company also calls vote on moving incorporation to Texas
- Tesla chair criticizes Delaware court that voided CEO’s award
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Tesla Inc. will ask shareholders to vote again on the same $56 billion compensation package for Chief Executive Officer Elon Musk that was voided by a Delaware court early this year.
In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company’s state of incorporation to Texas from Delaware. The carmaker will convene its annual meeting on June 13.