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Elon Musk claims he is heading to victory in Tesla $56bn pay vote

Chief says resolutions on his remuneration and electric-car maker’s Texas move are passing by ‘wide margins’

Tesla chief executive Elon Musk has claimed that shareholders are set to vote in favour of his $56bn pay award and a proposal to reincorporate the electric-car maker in Texas at its annual meeting on Thursday.

“Both Tesla shareholder resolutions are currently passing by wide margins,” Musk said on the social media platform X late on Wednesday, thanking investors for their support.

The results cited by Musk in charts are preliminary and the votes could change at the annual meeting. However, formal approval of the two resolutions would rank as a massive win for the mercurial chief executive, who has fought over the largest pay package in US corporate history.

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