Tesla shareholders to vote on Elon Musk's $56 billion pay package, controversial and influential.

From Nasdaq: 2024-06-12 15:00:00

Tomorrow, TSLA shareholders will vote on Elon Musk’s controversial pay package, initially approved in 2018 but later invalidated. The $56 billion package includes stock options tied to ambitious performance targets. While some support Musk’s compensation, proxy advisors caution against the deal, citing concerns around governance and power consolidation. Musk’s influence and individual investors may sway the vote, with implications for Tesla’s future if the package is not reapproved. A positive outcome could boost Tesla’s stock and signal continued confidence in Musk’s leadership. However, a rejection might weaken the company’s position and impact Musk’s focus. All eyes are on the vote results.



Read more at Nasdaq: Will Tesla (TSLA) Shareholders Approve Musk’s Huge Pay Package?