Tesla Inc(NASDAQ:TSLA) shareholders overwhelmingly approved a proposal forElon Musk's$56 billion pay compensation package.

The approval comes after the same 2018 plan was previously voided by a Delaware judge earlier this year.

While many speculated that the vote would be close, Tesla reported that 77% of votes cast were in favor of approving the pay compensation package.

For months, a mix of public support from several key shareholders and investors along with several funds announcing they were voting against the pay package have been trending stories with the vote expected to be close. Due to the expectation that the...