What Elon Musk’s pay package vote means for his $174 billion fortune

Tesla’s board and Elon Musk are betting that shareholders will once again approve his ambitious compensation package from 2018, despite the electric vehicle market’s evolution and the package’s recent invalidation by a Delaware court. The board is relying on Musk’s popularity and his role in Tesla’s stock surge of approximately 700% over the past six years to persuade investors that he deserves the substantial compensation.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News