Elon Musk Celebrates Approval of $56 Billion Pay Package at Tesla’s 2024 Shareholder Meeting

Elon Musk, the CEO of Tesla (TSLA), was in high spirits as he danced his way onto the stage at the company’s 2024 Shareholder Meeting at Giga Texas. The atmosphere was electric as retail stockholders gave him a standing ovation and chanted his name, showing their unwavering support for the visionary leader.

The highlight of the meeting was the ratification of Musk’s 2018 Performance Compensation Package, which was met with cheers and applause from the crowd. Despite facing some negativity on social media, Musk’s shareholders ultimately stood by him, reaffirming their belief in his ability to lead Tesla to even greater success in the future.

In addition to approving Musk’s pay package, shareholders also gave the green light for Tesla to relocate its headquarters from Delaware to Texas. This move signals a new chapter for the company as it continues to expand and innovate in the sustainable energy and autonomous driving sectors.

Musk, in his address to shareholders, emphasized the importance of Tesla’s Autopilot Full Self-Driving technology, highlighting its potential to revolutionize the automotive industry. He urged investors to experience the technology firsthand and see the progress Tesla is making towards achieving full autonomy.

Looking ahead, Musk shared his grand vision for Tesla’s future, which includes the development of humanoid robots like Optimus. With a focus on AI and robotics, Musk believes that Tesla’s market cap could reach an astounding $25 trillion, driven by the demand for advanced robotics in various sectors.

Overall, the 2024 Tesla Shareholder Meeting was a celebration of Musk’s leadership and the company’s continued growth and innovation. As Tesla continues to push boundaries and redefine the automotive industry, the future looks bright for Elon Musk and his team.