Elon Musk’s New Pay Deal Raises Questions Among Tesla Shareholders
Elon Musk, already the world’s richest man, is poised to move closer to becoming the first trillionaire. Tesla shareholders are voting on an unprecedented pay package for their CEO, which could grant him approximately 425 million shares, potentially worth around $1 trillion (£760bn). This deal would also increase Musk’s ownership in Tesla from 15% to nearly 30%, giving him greater control over the company.
Shareholders’ Mixed Reactions
The Tesla board has launched a campaign targeting retail investors, emphasizing that the company is at a critical stage. Their message is clear: while Tesla aims to sell millions of electric cars, it also aims to lead innovation in areas such as robotaxis, AI-driven humanoid robots, and autonomous driving software.
“Tesla is at a turning point. Yes, it wants to sell millions of cars, but it also wants to be a pioneer in robotaxis, AI-driven humanoid robots, and autonomous driving software.”
To secure this vision, the board insists it is vital to keep Musk motivated and fully invested in Tesla’s future.
Concerns About Investment Value
Despite this ambitious vision, some investors are starting to question whether Musk remains a wise investment choice amid the controversial nature of his leadership and the immense wealth proposed to be granted to him.
Author’s Summary
Elon Musk’s proposed pay deal, while groundbreaking, sparks debate on whether the tech visionary’s expanding control and wealth align with shareholder value and Tesla's innovation goals.