Tesla, Inc.’s (NASDAQ:TSLA) annual shareholder meeting is just a day away, and the biggest question mark isn’t about the company’s future – it’s about CEO Elon Musk‘s. Shareholders will decide the fate of his controversial compensation plan, a decision that could lift a cloud over Tesla’s stock… or send it spiraling.
What’s At Stake: Back in January, a Delaware court threw a wrench into Musk’s original pay package, which awarded him stock options tied to Tesla’s performance, after a shareholder lawsuit.
Now, Tesla is pushing shareholders to ratify the pay plan. But there’s a twist: Musk has hinted that a rejection could lead to him scaling back his involvement with the company, potentially spooking investors.
See Also: Everything You Need to Know About Tesla Stock
Team Musk Rallies: In a full-court press, several Tesla executives have taken to social media to champion Musk’s pay plan.
- Tom Zhu, Senior Vice President (Automotive) and the mastermind behind Tesla’s China success story, praised Musk’s “wisdom, courage, and decisiveness” as crucial to achieving Tesla’s ambitious vision. “Our shareholders are surely aware of how extraordinary our journey has ...