Tesla, Inc.’s (NASDAQ:TSLA) upcoming annual shareholder meeting, scheduled for June 13, is crucial as it will decide the fate of CEO Elon Musk’s 2018 compensation package, which was nullified by a Delaware Chancery court in late January. On Saturday, the billionaire weighed on what is at stake at the annual meeting.
What Happened: A Tesla influencer and investor going by the X handle @Teslaconomics said in a post that Tesla can “march on forward to become the largest company in the world” contingent on the following conditions:
- Musk getting 25% voting power
- Tesla being incorporated in Texas
- Musk’s compensation package is approved
If these conditions are met, the AI & robotics business will stay “within Tesla,” the influencer said.
“Yes,” Musk said in reply, concurring with the view.
If Elon gets 25% voting power, Tesla is reincorporated in ...