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Austin, Texas — Updated Nov. 6, 2025 TL;DR What passed—and why it matters Musk’s new pay package cleared the vote with a strong majority, delivering a major win for Tesla’s board after months of lobbying large institutions and retail investors. Reuters reports that the plan garnered over 75% support, and shares gained about 2% after hours post‑announcement. Crucially, Tesla’s reincorporation in Texas allowed Musk to vote his roughly 15% stake, unlike a prior Delaware‑law vote that excluded “interested” insiders. Reuters The package’s value—cited as “up to $878 billion”—reflects the potential worth of stock grants if Tesla hits a ladder of