Elon Musk’s $56 billion compensation plan validated again by Tesla shareholders

The mobilization of Tesla and Elon Musk has paid off. The enormous compensation plan for the boss of the car manufacturer was again approved, Thursday, June 13, by the company’s shareholders, after its cancellation by the courts in January. The announcement was made by Brandon Ehrhart, general secretary of Tesla, in front of several hundred shareholders gathered at a general meeting in Austin (Texas).

This plan, authorized by the board of directors of the car manufacturer in 2018, planned to give the billionaire Tesla shares based on the achievement of several objectives over ten years. It was estimated, when it was adopted, at 56 billion dollars (52.39 billion euros). “Damn, I love you guys.”said Elon Musk as he went on stage, all smiles.