- Tesla investor Scottish Mortgage Investment trust said on Thursday it plans to continue backing CEO Elon Musk's $56 billion pay package at its annual shareholder meeting next month.
Scottish Mortgage had agreed to the package Tesla set in 2018 and after agreeing to the deal, the firm believes the amount should be paid out, Tom Slater, manager at the investment trust said. Tesla's chair, Robyn Denholm has reportedly been campaigning and meeting with shareholders to secure their vote for the approval of Musk's pay deal.
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