About 72 per cent of votes, minus those cast by Elon Musk and his brother Kimbal, backed the CEO’s 100-per-cent stock-based compensation package. It was once worth as much as US$56 billion but has since fallen in value to just less than US$45 billion. (The Logic)

Talking point: Legally, Musk’s compensation package may be tied-up in court, after a Delaware judge voided the 2018 pay package earlier this year. But the groundswell of support—despite Tesla’s recent wave of layoffs—gives Musk ammunition against the judge’s finding that shareholders were not fully informed about the package. Musk has said he wants more shares of Tesla to ensure AI projects are built inside the company. He doubled down on that on Thursday, unveiling his vision for an Airbnb-for-robotaxis business model at Tesla’s annual meeting. Shareholders also approved moving the company’s registration out of Delaware to Texas, and struck down a proposal to ban minerals from deep sea mining.