Shareholders approve Elon Musk's $44.9 billion Tesla pay package
ECONOMY & POLICY

Shareholders approve Elon Musk's $44.9 billion Tesla pay package

Tesla shareholders voted to reinstate CEO Elon Musk's record $ 44.9 billion pay package, which had been nullified by a Delaware judge earlier this year. This decision indicates strong confidence in Musk's leadership of the electric vehicle manufacturer.

However, the approval does not guarantee Musk will receive the all-stock compensation soon. The package is expected to remain entangled in the Delaware Chancery Court and Supreme Court for several months as Tesla appeals the judge's decision.

Musk has expressed uncertainty about his future with Tesla this year. On X, the social media platform he owns, he wrote that he sought a 25% stake in the company to prevent him from shifting artificial intelligence development to other ventures. He stated that the increased stake is necessary to manage AI use effectively.

Tesla has also faced challenges with declining sales and profit margins amid a global slowdown in demand for electric vehicles. Despite these issues, Musk reassured shareholders at the company's annual meeting in Austin, Texas, that he plans to stay with Tesla. He informed them that he cannot sell any stock from the compensation package for five years.

Tesla shareholders voted to reinstate CEO Elon Musk's record $ 44.9 billion pay package, which had been nullified by a Delaware judge earlier this year. This decision indicates strong confidence in Musk's leadership of the electric vehicle manufacturer. However, the approval does not guarantee Musk will receive the all-stock compensation soon. The package is expected to remain entangled in the Delaware Chancery Court and Supreme Court for several months as Tesla appeals the judge's decision. Musk has expressed uncertainty about his future with Tesla this year. On X, the social media platform he owns, he wrote that he sought a 25% stake in the company to prevent him from shifting artificial intelligence development to other ventures. He stated that the increased stake is necessary to manage AI use effectively. Tesla has also faced challenges with declining sales and profit margins amid a global slowdown in demand for electric vehicles. Despite these issues, Musk reassured shareholders at the company's annual meeting in Austin, Texas, that he plans to stay with Tesla. He informed them that he cannot sell any stock from the compensation package for five years.

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?