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Why Elon Musk is tied to Tesla

If Tesla loses its momentous shareholder vote on CEO Elon Musk's $56 billion pay package on Thursday — an outcome that's entirely possible — then Musk will suffer a very bruised ego. Don't expect him to leave the company, however.

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Why Elon Musk is tied to Tesla
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    The big picture

    A shareholder vote supporting reinstatement might persuade the Delaware judge to give Musk his money back — or it might not.

    Why Musk is tied to Tesla

    Why Musk is tied to Tesla

    Musk is Tesla's largest shareholder, which gives him roughly 75 billion reasons to root for the stock's continued health. On top of that, Tesla lies at the heart of Musk's web of companies.

    State of play

    Elon Musk owns about 13% of Tesla, but he wants to own 25%. Reinstating his pay award from 2018 — which was deemed illegal by a Delaware court — would close about half of the gap but still leave Musk wanting a huge new pay package this year.

    Go deeper

    Read more stories from Felix Salmon, author of Axios Markets — a newsletter about the latest market trends & economic insights.

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