Musk says Tesla resolutions for pay plan, Texas move passing by "wide margin" [Yahoo! Finance]
BARON CAPITAL ENTERPRISE (BCAP)
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Source: Yahoo! Finance
Texas from Delaware were seen passing by a wide margin, Musk said in a social media post on Wednesday. Shareholders had begun voting on Musk's controversial pay package and the move to Texas this week, with Musk stating that both resolutions were seeing strong shareholder support so far. "Both Tesla shareholder resolutions are currently passing by wide margins! Thanks for your support!!," Musk said in a post on the social media platform X. Reuters also reported a similar trend in early voting, citing a source familiar with the preliminary tally. Musk's pay package- the highest seen for a corporate executive so far- was struck down by a Delaware judge earlier this year after a slew of lawsuits and complaints from shareholders. This week's vote will decide its reinstatement, and Tesla's reincorporation in Texas after Musk criticized unfavorable conditions in Delaware. Several major Tesla shareholders have already made their positions clear. Norges Bank, Nordea Asset and two
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