Tesla Shareholders Push Back Against ESG Proposals

Shareholders also voted against several proposals aimed at improving Tesla’s ESG standards, opting instead to re-incorporate the company in Texas. Tesla chief Elon Musk has won shareholder approval over his controversial 2018 stock option compensation package, potentially worth up to $56bn (£44bn), at Tesla’s annual meeting held at its Texas gigafactory. Shareholders also greenlit Tesla’s decision to re-incorporate in Texas, moving away from Delaware, where Musk’s pay package had previously been rescinded. “Hot…