Elon Musk gains support from investors for $56 billion pay package at Tesla

From Yahoo Finance: 2024-06-13 02:04:51

Small investors and major funds support Elon Musk’s $56 billion pay package at Tesla, but Delaware judge remains skeptical about the deal. Musk’s pivotal role in Tesla’s success has garnered support, but recent sales and stock price declines raise concerns. Despite shareholder affirmation, legal battles over the pay package’s approval continue months after a Delaware judge voided it. The shareholder vote aimed to correct past errors, but challenges to Musk’s compensation persist. Major shareholders criticized the package, citing distractions from Musk’s other ventures. A shareholder lawsuit accuses Musk of coercive tactics to secure his pay deal, raising doubts about the package’s future.



Read more at Yahoo Finance: Analysis-Musk convincing Tesla investors to back his pay. Now he must persuade a judge