Shareholders at Tesla (TSLA) have approved a $56 billion compensation plan for CEO Elon Musk. In addition to approving the pay package, shareholders voted in favor of Tesla's redomestication from Delaware to Texas, a move that Musk had previously pursued after facing initial resistance from a Delaware judge regarding his pay. However, the battle over Musk's pay is far from over.

Yahoo Finance reporter Alexis Keenan dives into the details, providing insights into the forthcoming legal steps that will unfold after this pivotal shareholder vote.

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This post was written by Angel Smith