Elon Musk's $56bn pay package was approved by Tesla shareholders even though it will dilute their own shareholdings. Photograph: Haiyun Jiang/The New York Times
Not only did three-quarters of Tesla investors approve Musk’s pay package, the share price surged as the news broke, adding billions to Tesla’s market value. The pay vote is only advisory, and legal issues mean Musk may not actually get his money, but he must be pleased investors heeded his implicit threats.
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