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Tesla Seeks Shareholder Approval for CEO Musk’s 2018 Pay Nullified by Court

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Latest News on Tesla

Shares Rise Before Bell

Shares of Tesla, the world’s most valuable automaker, saw a 1% increase before the market opening.

Elon Musk’s Compensation Ratification

Electric automaker Tesla (TSLA.O) recently requested shareholders to ratify Elon Musk’s compensation plan from 2018. This move comes after a Delaware judge rejected the initial plan earlier this year.

Delaware to Texas Move

In addition to the compensation ratification, Tesla is seeking approval from its investors to relocate the company’s state of incorporation from Delaware to Texas. This decision was disclosed in a recent regulatory filing.

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