- The final results of Tesla's shareholder vote aren't out yet, but Elon Musk is celebrating already.
- Musk said the proposals on his pay deal and to reincorporate in Texas were "passing by wide margins."
It's been a pretty rough week for Elon Musk.
Besides watching his rival Sam Altman get a leg-up in the AI race with the Apple-OpenAI team-up, Musk was also hit by a sprawling piece from The Wall Street Journal — and a bombshell lawsuit — both of which contained new allegations about his behavior with staffers at SpaceX.
But it looks like something is finally going his way.
The billionaire said on Wednesday night that the shareholder votes to pass his huge pay package and to reincorporate Tesla in Texas were "passing by wide margins."
"Thanks for your support!!" Musk said in an X post.
Both Tesla shareholder resolutions are currently passing by wide margins!
— Elon Musk (@elonmusk) June 13, 2024
♥️♥️ Thanks for your support!! ♥️♥️ pic.twitter.com/udf56VGQdo
The package was once valued at $55.8 billion, but is now worth about $45 billion following a sharp decline in Tesla stock this year.
It's unclear where Musk obtained the screenshots he included in his X post. But the final results of the vote are set to be announced at a shareholder meeting at Tesla's headquarters in Austin on Thursday.
Winning both votes would be a huge boost for Musk, who's pulled out all the stops to woo Tesla shareholders. Aside from campaigning on his social-media platform, X, Musk has also offered shareholders the opportunity to go on a personally guided tour of Tesla's Gigafactory in Texas.
Musk even sought to turn what's been widely viewed as a disadvantage — running half a dozen companies simultaneously —into an advantage.
The billionaire spent his weekend pitching shareholders on the benefits of having Tesla as a part of his sprawling business empire, also known as the "Muskonomy."
He's also argued that a Musk-led Tesla would not only allow the electric-vehicle giant to use technology from his other companies but also grant shareholders access to his future IPOs.
"I've mentioned something like this before, but if any of my companies goes public, we will prioritize other longtime shareholders of my other companies, including Tesla," Musk said on Saturday.
"Loyalty deserves loyalty," he added.
But Musk's overtures to shareholders ran into a speed bump on Tuesday when The Wall Street Journal published an extensive story about his sexual advances to female employees at his rocket company, SpaceX.
And a day later, Musk was hit with a lawsuit from eight former SpaceX employees.
The lawsuit, filed in California, accuses Musk and SpaceX of wrongfully terminating employees after they raised concerns about sexual harassment and gender discrimination.
Representatives for Musk and Tesla didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.