As Tesla Inc. (NASDAQ:TSLA) shareholders gear up for a crucial vote on CEO Elon Musk‘s pay package, analysts and industry experts are voicing their concerns about the potential consequences of Musk’s departure.
What Happened: Wedbush analyst Dan Ives emphasized the integral connection between Musk and Tesla, stating on X, “Tesla is Musk and Musk is Tesla.”
Ives highlighted former Ford CEO Mark Fields‘ interview on CNBC’s Last Call with anchor Brian Sullivan, where Fields said, “At the end of the day, if Elon Musk leaves, you’re going to have a drain of talent there at Tesla. That’s going to hurt them a lot,” ahead of the Tesla shareholders’ vote on Musk’s pay package.
The shareholder vote centers around whether to reinstate Musk's $44.9 billion pay package, which was invalidated by a Delaware judge earlier this year. The decision is crucial, as Musk has hinted at the possibility of moving his artificial intelligence research to one of his other ventures.
The Future Fund LLC Managing Partner and investor Gary Black ...