Well-known tech analyst Dan Ives has urged Tesla Inc.’s (NASDAQ:TSLA) board to secure Elon Musk‘s position in the company with a new compensation package.
What Happened: On Thursday, in a post on X, formerly Twitter, Ives emphasized that it was time for Tesla’s board to take action regarding the ongoing compensation dispute involving Musk. Posting a clip on X from his interview with CNBC, he suggested that Musk should be offered a new compensation package, ensuring his continued leadership role with the company, particularly in the areas of Artificial Intelligence (AI) and Full Self-Driving (FSD) through 2030.
During the interview, Ives was heard stating, “Musk is the heart and lungs of Tesla. Tesla is Musk, Musk is Tesla. “
Ives also commented on Tesla moving headquarters from Delaware to Texas and Musk getting 25% of the shareholder voting rights. He noted that the Tesla board needs to take these steps in order to keep AI in-house.
“It's a pivotal point to make sure that Musk stays at Tesla through 2030,” he added.
The time has come for ...