Tesla shareholders have approved Elon Musk’s $56bn (£44bn) pay package.
The proposal passed despite opposition from some large institutional investors and proxy firms.
The package will be the largest in US corporate history, provided it is not blocked by lawsuits.
On stage at the company’s annual shareholders’ meeting in Austin, Texas, the billionaire described himself as “pathologically optimistic.”
“If I wasn’t optimistic, this factory wouldn’t exist,” Musk said, drawing thunderous applause.
“But ultimately, I’m going to get it done. That’s the most important thing.”
But the approval doesn’t put an end to the legal battle over compensation in Delaware court, which some legal experts say could take months.
A judge in January declared the ruling void, calling it “implausible.”
Musk could also face new lawsuits over the deal, the largest in U.S. corporate history.
Shareholders first approved the generous pay package in 2018.
“This is far from over,” said Brian Quinn, a professor at Boston University Law School.
Quinn said the Delaware judge will closely scrutinize the vote and require Tesla to prove the process wasn’t coerced or improperly influenced by Musk.
The judge said the plan was proposed by a “conflicted board” with “close personal and financial ties” to the CEO, and criticized the Tesla board for being “beholden to” Musk.
Shareholders also approved a proposal to move the company’s headquarters from Delaware to Texas.
They also supported other proposals, including the re-election of two directors, Musk’s brother Kimbal Musk and media mogul Rupert Murdoch’s son James Murdoch.
Shareholders would have increased investor control by adopting proposals to shorten board terms to one year and lower the voting requirement to a simple majority, but the board rejected both.
Tesla did not announce the results of the vote; they are expected to be made public in the coming days.
At least 500,000 viewers watched the session, which was livestreamed on X, which Musk also owns, and about 40,000 watched on YouTube.
Tesla shares have fallen about 55% from their 2021 highs amid declining electric vehicle sales.
The stock closed up 2.9% on Thursday.