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International Business Times

Business

Elodie MAZEIN

MYSTERIOUS: Musk says tesla shareholders voting for his pay package by wide margins - What They Never Told You

Tesla Inc. Elon Musk Chris Ailman Garrett Nelson Robyn Denholm Ron Baron electric vehicle

Tech billionaire Elon Musk is encouraging shareholders in electric automaker Tesla to vote in favor of a plan that includes a massive pay package for the company's founder and chief executive (Credit: AFP)

Tesla CEO Elon Musk said late Wednesday that the electric vehicle company's shareholders were voting to approve his multibillion-dollar pay package by "wide margins" before the ballot had been concluded.

The firm has campaigned to convince shareholders to approve Musk's giant compensation package -- worth as much as $56 billion -- ahead of Tesla's annual shareholder meeting, which is slated for Thursday afternoon.

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