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Tesla shareholders to vote whether Elon Musk deserves billions judge struck down

·1 min

Tesla’s CEO and his board are seeking shareholder approval for a controversial stock options package in an upcoming vote. The package, previously thrown out by a Delaware judge, is worth nearly $47 billion. The board has been actively communicating with shareholders and even offered a factory tour to incentivize voting in favor. However, there is concern about Musk’s recent controversies, including the purchase of Twitter and allegations of improper stock selling. Tesla’s recent struggles, such as falling stock prices and increased competition, have also raised doubts among shareholders. The vote outcome will determine Musk’s future involvement with the company.