LIVE. $56 Billion Pay Package for Elon Musk Approved! Musk Gives Updates on Tesla.

Tesla shareholders were set to approve Elon Musk’s $56 billion pay package in what is being seen as a thumbs-up to his leadership - and an enticement for keeping his focus on the electric vehicle maker. Musk posted a chart on his social media platform X late Wednesday that showed the resolution - and another vote to move the company’s legal home to Texas - were set to pass by wide margins, though shareholders are allowed to change their vote up to the start of the annual meeting. A person familiar with the preliminary voting tally confirmed that Musk posted an accurate count of the figures. The result will be announced at a meeting at Tesla’s headquarters in Texas at 4:30 pm ET (2030 GMT) on Thursday.