Tesla investors approve Elon Musk's $55 billion pay plan

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Tesla announced investors approved Elon Musk's pay package. The package, initially approved in 2018, was voided by a Delaware judge in January. Tesla is hoping the shareholder ratification will make the judge's ruling moot, but it's not guaranteed. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement It's official — Tesla investors voted to approve Elon Musk's pay package. The carmaker announced the results of the shareholder vote during the company's annual meeting on Thursday. Musk did a victory dance as he took the stage amid cheers from on-site investors. "I just want to start off by saying: "Hot damn! I love you guys," Musk said. Tesla shares held after-hours gains of more than 1% after the vote. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .