Elon Musk has claimed that Tesla shareholder votes on his own record-breaking pay deal and a plan to move the company’s legal registration to Texas are “currently passing by wide margins”.
Shareholders in the electric car company have been voting on several proposals, including one that could give its multibillionaire chief executive a record pay deal worth about $56 billion, which was first agreed in 2018.
A decision on the vote is expected later on Thursday.
This year a judge in Delaware, where Tesla is incorporated, voided the pay deal after an investor sued, with the judge ruling that the sum was unfair. The process to award it to Musk, 52, which was made by a board controlled by the entrepreneur, was described as “deeply