Tesla asserts that Elon Musk emerged victorious in his legal dispute regarding his $56 billion pay package. This claim is based on the fact that shareholders voted in favor of the compensation, despite a judge revoking it earlier this year. 

Tesla Faces Uncertainty as Judge Voids Elon Musk's Pay Package

The company's filing pertains two weeks after Tesla shareholders approved the 2018 package of stock options. 

Tesla conducted the vote after a ruling by a Delaware judge in January, which invalidated the compensation due to Musk's improper control over the negotiation process and the company's misleading of shareholders regarding important information.

The case has cast a shadow of uncertainty over Musk's relationship with Tesla, as the company grapples with sluggish sales and increased competition, Reuters reported. 

He mentioned the possibility of creating products outside the company if he doesn't secure a larger ownership stake.

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Tesla Stock's Impact on AI, Robotics Work

According to The Verge, Musk has expressed his concern about the distribution of Tesla's stock and its potential impact on the company's work in AI and robotics. 

Furthermore, the board of Tesla has hinted at the possibility of his departure from the company in the event that the pay package is not approved.

Investors have given their approval for the company to relocate its legal headquarters from Delaware to Texas. Additionally, two board members, James Murdoch and Kimbal Musk, Elon's brother, have been reappointed.

The vote was widely regarded as a reflection of Musk's leadership during a period of significant turmoil for Tesla. 

The company's stock price has been affected by reports of declining sales, weakening demand, and decreasing revenue. 

The company has recently reduced its workforce by at least 10 percent, while also facing the challenge of an aging vehicle lineup that requires a revamp. 

Additionally, the outcome of Musk's investment in AI and robotics remains uncertain.

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