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Tesla Seeks Support For Elon Musk's $56bn Compensation - Creative Media News
On Wednesday, Tesla requested that its shareholders reaffirm their approval of CEO Elon Musk's unprecedented $56 billion compensation, established in 2018 but subsequently denied by a Delaware judge in January. In lieu of a salary or cash incentive, the compensation is contingent on Tesla's market value increasing to a maximum of $650 billion within the following decade. Tesla is valued at more than $500 billion, per LSEG data.