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Tesla board to shareholders: Pay Musk or else
- On Thursday, Tesla will reveal results of a shareholder vote on CEO Elon Musk's compensation plan that could be worth $1 trillion at the Austin, Texas meeting.
- Designed to hit ambitious milestones, the compensation package requires Tesla to reach a $2 trillion first milestone and achieve $8.5 trillion in value with 20 million EVs, 10 million FSD subscriptions, 1 million humanoid robots, and 1 million robo-taxis.
- Under the plan, Elon Musk could gain about 423.7 million additional Tesla shares, with his voting stake rising to nearly 29% from about 13%.
- Musk has said he'll leave if shareholders reject the package, and the vote will affect Tesla's strategic pivot toward AI and humanoid robots under his leadership.
- Some large investors and governance experts oppose the proposal, with Norges Bank Investment Management, which manages Norway's $2 trillion sovereign fund, voting against citing size, dilution, and key-person risk.
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Tesla shareholders will decide on Tuesday the fate of a massive bonus package designed to keep Elon Musk at the company long enough to achieve the technological breakthroughs he says will change the world. Musk — who has boasted that Tesla's engineering prowess in artificial intelligence, autonomous driving and robotics will leave tech rivals in the dust — could...
Coverage Details
Total News Sources160
Leaning Left23Leaning Right18Center54Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 24%
C 57%
R 19%
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