TSLA - Tesla Is At A Crossroads With CEO Pay Package
2024-06-25 10:34:39 ET
Summary
- Tesla, Inc. is a multi-billion dollar battery electric vehicle corporation set to sell more BEVs than any other carmaker for the 3rd year in a row this year.
- Tesla's stock market value has dropped from $1.2T to around $600B since 2022, but shareholders are still up over 1000% in the last five years.
- CEO Elon Musk's proposed pay package of 29 million Tesla shares, worth $56B in January, has been approved by shareholders.
- Musk aims to control at least 25% of Tesla and threatened to focus on AI efforts in another company if not granted more control.
- The company is now at a crossroads of whether they should acquiesce or find a new CEO, potentially changing things up at Tesla.
Introduction
Tesla, Inc. ( TSLA ) has had a very rough ride in the stock market since 2022 after its meteoric rise to the trillion-dollar company club that year, now down to around $600B. It has still been a fantastic ride for shareholders, nonetheless, who are still up over 1000% in the last five years.
The Pay Package
TSLA's most recent news isn't about its operations necessarily, but instead about its CEO, Elon Musk. His latest pay package, proposed by the Tesla board, amounts to 29 million TSLA shares, worth $56B back in January when a Delaware judge shut it down . Shareholders recently voted to restore this package , now worth closer to $45B with TSLA's depreciation....
Tesla Is At A Crossroads With CEO Pay Package