Tesla Stocks Jump 7% Following Elon Musk’s Hint at Overwhelming Support for Voting Initiative.

Tesla shares are up 7 percent after Elon Musk announced that resolutions for a $56 billion pay package and a move to Texas were passing by wide margins. Musk thanked shareholders for their support on X. The results will be announced at Tesla’s headquarters in Texas on Thursday. Bernstein analysts doubted the approval of Musk’s pay package but suggested a higher chance for Tesla’s moves to Texas. Stay updated with EV news by subscribing.