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Elon Musk is taking on Tesla ‘oathbreakers’ in fight for his $56 billion pay package

Photo collage of Elon Musk.
Image: Cath Virginia / The Verge; Photo by STR / NurPhoto, Getty Images

The fight for Tesla CEO Elon Musk’s enormous pay package is heating up.

On June 13th, Tesla shareholders will decide the fate of Musk’s compensation package, which is estimated to be worth as much as $56 billion. It will be the second time that shareholders will vote on the CEO’s pay, after a Delaware judge voided the first one earlier this year on the grounds that the approval process was “deeply flawed.”

And Musk doesn’t want to leave anything to chance. He is lobbying shareholders on his social media platform X, offering private tours of Tesla’s factory in Texas, and lashing out against those that suggest the proposed pay package is too high. The proposed pay package would make Musk the most highly compensated CEO in the world.

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