Tesla’s stock surged higher following Elon Musk’s announcement that shareholders will likely support both the controversial $56 billion pay package and the resolution to relocate the electric vehicle maker’s incorporation to Texas.
As of 10:45 a.m. ET, the company’s shares were up almost 3%. Up until the company’s annual meeting on Thursday, shareholders of Tesla have the opportunity to vote on two motions.
The majority of Tesla stockholders were required to cast their votes by Wednesday’s end of business. Voting on Thursday can be done in person or online for other attendees of the shareholder meeting.
Source (CNBC)
