Musk's friends and fans applaud shareholder vote on his payday

Tesla shareholders reaffirmed a payout worth more than $45 billion for Elon Musk on Thursday, but before the announcement was made official at the company's annual meeting in Austin, Texas, Musk posted the news on , its social media platform.

“Both Tesla shareholder resolutions are currently passing by wide margins!” she wrote in a post late Wednesday night. “Thank you for your support!!”

For months, Musk's supporters have used the social media site, which he bought for $44 billion in 2022, to drum up support for his massive payday, and Tesla board members have warned that it could leave the company if the shareholders voted against him.

But for some Tesla investors, Musk's involvement with Mr Musk has also used the platform to promote right-wing conspiracy theories and vulgar content, offending some of his employees and investors.

On Among them were retail investors, friends from the tech industry and media personalities.

“Congratulations on receiving the payment you are entitled to E!” wrote Jason Calacanis, a prominent tech investor and podcast host close to Musk.

“The most important message of the vote,” wrote blogger and YouTube personality Alex Voigt, “is that Elon now knows he has the support of 90% of retail investors and more than 73% of all stocks, and that matters to him. personally and for the future of Tesla.”

“It means a lot,” Musk responded.

“Tesla shareholders appear to be approving Elon's CEO package by a wide margin — good for them,” wrote Lulu Cheng Meservey, a tech executive with 80,000 followers on the platform. “People with a real stake in the game can see the business logic that a Delaware judge blinded by her personal agenda could not.”

“The vast majority of Tesla shareholders approved Elon's comp package in 2018 and have reapproved it now. An activist judge struck it down for nothing. Trial lawyers asking for billions in fees should get nothing,” wrote David Sacks, a Silicon Valley tech investor who is also close to Musk.

Musk's critics also weighed in, albeit in smaller numbers.

“It's official: Tesla shareholders are the dumbest human beings walking the face of the planet,” one poster wrote.

But many Tesla shareholders who had criticized the pay package in the weeks leading up to the vote remained mostly silent in the hours after the decision.

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