---
title: "$Tesla(TSLA.US) CEO Elon Musk's $56 billion compensation package has been approved by shareholder vo"
description: "$Tesla(TSLA.US) CEO Elon Musk's $56 billion compensation package has been approved by shareholder vote.This issue has also been one of the key factors affecting Tesla's stock price recently. Musk had "
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/21824200.md"
published_at: "2024-06-14T01:38:25.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# $Tesla(TSLA.US) CEO Elon Musk's $56 billion compensation package has been approved by shareholder vo

$Tesla(TSLA.US) CEO Elon Musk's $56 billion compensation package has been approved by shareholder vote.

This issue has also been one of the key factors affecting Tesla's stock price recently. Musk had previously stated publicly that without sufficient control (he defined it as around 25%, having enough voting power but not excessive concentration - he currently holds about 13%), he would be unwilling to develop AI business within Tesla.

Now with this $56 billion incentive compensation package, if Tesla can achieve the specified market capitalization and operational targets, Musk will receive it as planned. This compensation package corresponds to approximately 12% of Tesla's equity. The approval of this plan also means Musk should now be able to fully advance Tesla's AI business.

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- [TSLL.US - Direxion Daily TSLA Bull 2X Shares](https://longbridge.com/en/quote/TSLL.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.