Tesla boss Musk said shareholder votes on the billionaire’s record dividend and plans to move the company’s legal headquarters to Texas “are currently passing by a wide margin.”
Tesla shareholders have been voting on a number of proposals, one of which could confirm Musk’s pay deal, which was worth $56bn (£43.8bn) when it was first agreed in 2018.
The company is scheduled to formally announce the results of the vote at a meeting on Thursday.
Tesla did not immediately respond to BBC News’ request for comment.
In a post on social platform X, formerly known as Twitter, Musk thanked his supporters.
However, legal experts said it was unclear whether the court blocking the deal would accept a non-binding re-vote and allow the company to reinstate the pay package.
Earlier this year, a Delaware judge invalidated the indemnification agreement after a small investor filed a lawsuit.
The judge ruled that the amount was “unfair” and that the process by which the Musk-led board determined the package was “seriously flawed.”
Tesla called the decision “fundamentally unfair and inconsistent with the wishes of shareholders.”
The company then put the deal up for another vote and asked shareholders to support a plan to reorganize the company out of Delaware.
The board said Musk deserves the treatment because Tesla has achieved ambitious goals under his leadership and it is necessary to ensure he remains committed to the company.
Tesla executives also expressed support for the plan in social media posts and said Musk was critical to the company’s success.
At the same time, Musk promised to personally visit Tesla’s factory in Texas to give some of his supportive shareholders a tour.
The plan, worth an estimated 300 times what the nation’s highest-paid boss earned last year, won the support of 73% of shareholders who voted six years ago.
