TSLA Nov 2024 430.000 call
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- The Telegraph
Top Tesla investor advised to reject Musk’s $56bn pay deal
One of the world’s biggest investors has been advised to vote against a historic $56bn (£44bn) bonus for Elon Musk amid a looming battle at Tesla.
- The Telegraph
Why Elon Musk faces an uphill struggle to save the biggest payday in history
Richard Tornetta is an unlikely campaigner against one of the world’s richest men.
- Reuters
Tesla shareholders advised to reject Musk's $56 billion pay
The report cited reasons like the "excessive size" of the pay deal, the dilutive effect upon exercise and the concentration of ownership. It also mentioned Musk's "slate of extraordinarily time-consuming projects" which have expanded with his high-profile purchase of Twitter, now known as X. The pay package was proposed by Tesla's board of directors, which has repeatedly come under fire for its close ties with the billionaire.
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