About 72 percent of the shares in the balloting affirmed the lucrative stock award to the chief executive in a bid to get a court to reinstate it.
The vote was seen as a referendum on his management of the electric car maker and on the limits of executive pay.
Tesla mechanics in Sweden have been striking for six months with little movement from their employer. Nordic shareholders hope to change that.
A huge run-up in the stock’s value followed a 2018 vote on Elon Musk’s compensation package. But investors have recently become less enamored.
The vote is seen as a referendum on the limits of executive pay and the accountability of Silicon Valley billionaires.
Tesla shareholders must reject the chief executive’s unorthodox pay package to help turn him back into the visionary we need to fight climate change.
The Tesla chief executive is taking to his social media company to press shareholders to vote for a critical pay package on June 13.
Elon Musk ha creado una constelación de jefes de Estado aliados —Javier Milei en Argentina, Narendra Modi en India— para impulsar sus políticas y expandir su imperio empresarial.
Mr. Musk has built a constellation of like-minded heads of state — including Argentina’s Javier Milei and India’s Narendra Modi — to push his own politics and expand his business empire.
The automaker led by Elon Musk is no longer planning to take the lead in expanding the number of places to fuel electric vehicles. It’s not clear how quickly other companies will fill the gap.