Tesla said shareholders voted in favor of CEO Elon Musk's almost $1 trillion pay plan, with 75% support among voting shares.

Board members recommended shareholders approve the pay plan, which they introduced in September. Top proxy advisors Glass Lewis and ISS recommended voting against it.

Results of the vote were announced on Thursday at the company's annual shareholders meeting in Austin, Texas.

A separate proposal, submitted by an individual investor, Stephen Hawk , called for Tesla to be able to invest in xAI, Musk's artificial intelligence startup that was formed in March 2023 to compete with OpenAI. Brandon Ehrhart, general counsel at Tesla, said at the meeting that the company had "received more votes in favor than we did in against," but that there were a number o

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