The Future of Elon Musk and Tesla on the Line as Shareholders Vote on Massive Pay Package

The article discusses a shareholder vote on a massive pay package for Elon Musk, the CEO of Tesla. The proposed compensation plan could potentially make Musk one of the highest-paid executives in history, with a potential payout of $55.8 billion over the next decade if Tesla achieves ambitious growth targets. The vote is seen as a referendum on Musk’s leadership and the future of Tesla. Supporters argue that the pay package aligns Musk’s interests with those of shareholders and provides an incentive for him to remain at the company. Critics argue that the plan is excessive and sets a concerning precedent for executive compensation. The outcome of the vote could have significant implications for Tesla’s future direction and Musk’s role within the company.

Source: https://abcnews.go.com/Technology/wireStory/future-elon-musk-tesla-line-shareholders-vote-massive-111085545