Elon Musk says Tesla pay deal vote is going in his favour

Elon Musk Expects Tesla Pay Deal Vote to be in His Favor Tesla CEO, Elon Musk, has expressed confidence in the outcome of the vote regarding his compensation package. After Tesla's annual shareholder meeting on Wednesday, Musk stated that early voter trends indicated a majority in favor of the pay agreement. The Tesla pay deal includes a 10-year plan that could potentially make Musk one of the world's richest individuals. As part of the agreement, Musk would receive no salary or cash bonuses. Instead, he would be awarded stock options if Tesla reaches certain milestones in terms of market value and financial growth. The package also includes Elon Musk's goal to turn Tesla into one of the largest companies in the world. Shareholders have expressed concerns about the excessive amount of money involved in this compensation package. Some argue that Musk's potential earnings are disproportionately high compared to the company's current valuation. Critics argue that such a large payout could be better allocated towards research and development or other strategic investments. However, Musk defended the pay deal, stating that it was necessary to retain and motivate top talent. He believes that the package is instrumental in ensuring the company's long-term success. Additionally, Musk stated that he would only receive the stock options if Tesla significantly increases its market capitalization. During the shareholder meeting, Musk also addressed concerns about the production capacity of the Tesla Model 3, the company's highly anticipated electric vehicle. He assured shareholders that production was on track and reconfirmed the company's target of producing 5