In a post on his social media platform X late Wednesday night, Musk said the votes on both his pay package and reincorporating the electric vehicle company in Texas were passing by “wide margins.”
He shared two graphs showing the votes in favor of both measures had surpassed the level needed to ensure a “guaranteed win.”
“Thanks for your support,” Musk added in the post.
The controversial 2018 compensation agreement was struck down by a Delaware judge in January, who found it was not negotiated fairly.
A group of Tesla shareholders sued over the pay package, which granted Musk a 1 percent stake in the company for each of 12 stock price and revenue milestones that were ultimately met.
They argued that the massive pay package, which would see Musk’s control over Tesla rise from 21 percent to 28 percent, was approved because Musk effectively controlled the board.
Chancery Judge Kathaleen McCormick, who stuck down the agreement, said in her ruling that the bonus grant was the largest ever in the history of U.S. private business.
Musk announced his plans to hold a shareholder vote on moving Tesla’s incorporation to Texas shortly after the ruling.
Read more in a full report at TheHill.com.
