- The final results of Tesla’s shareholder vote are still pending, but Elon Musk is already celebrating.
- Musk said his compensation agreement and proposal to reincorporate in Texas “passed by large margins.”
- A win in the vote would be a major boost for Musk, who was hit by a new scandal this week.
It’s been a pretty rough week for Elon Musk.
While he watched his rival Sam Altman gain an advantage in the AI race with Apple’s partnership with OpenAI, Musk was also hit with a sweeping Wall Street Journal story and a stunning lawsuit, both of which contained new allegations about his behavior toward SpaceX staff.
But finally, it seems things are starting to go his way.
The billionaire said Wednesday night that shareholder votes to approve a $56 billion compensation package and reincorporate Tesla in Texas “passed by large margins.”
“Thank you all so much for your support!!” Musk said in X’s post.
It’s unclear where Musk got the screenshot he included in X’s post, but the final results of the vote are expected to be announced at a shareholder meeting on Thursday at Tesla’s headquarters in Austin.
Winning both votes would be a major boost for Musk, who has been trying all sorts of ways to woo Tesla shareholders. In addition to campaigning on his social media platform, “X,” Musk has also offered shareholders the chance to take a private guided tour of Tesla’s Gigafactory in Texas.
Musk has even sought to turn what has generally been seen as a disadvantage – running six companies simultaneously – into an advantage.
The billionaire spent the weekend selling shareholders the benefits of making Tesla part of his vast business empire, known as “the massonomy.”
He also argues that a Tesla led by Musk would not only give the EV giant access to technology from Musk’s other companies, but also give shareholders access to a future IPO.
“As I’ve said before, if my company goes public, I will prioritize long-time shareholders of my other companies, including Tesla,” Musk said on Saturday.
“Loyalty deserves loyalty,” he added.
But Musk’s outreach to shareholders hit a roadblock on Tuesday after The Wall Street Journal published a story detailing allegations that Musk had made sexual advances on female employees at his rocket company, SpaceX.
The next day, Musk was sued by eight former SpaceX employees.
The lawsuit, filed in California, accuses Musk and SpaceX of wrongfully firing employees who raised concerns about sexual harassment and gender discrimination.
Musk and Tesla representatives did not immediately respond to BI’s request for comment sent outside normal business hours.
