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The reasoning behind this high confidence lies in prior approvals: in 2018, Musk’s compensation package was retroactively approved by shareholders with a 73% vote, providing a "stress test" for its acceptance. Furthermore, Musk himself was permitted to vote on it, adding an additional 15% to the tally. The analyst initially projected that the package would garner around 83% of the votes, considering institutional voting patterns, but it ultimately received about 75%. While slightly lower than expected, the approval still represented a strong endorsement of Musk's leadership incentives.