Musk's core demand: Control over voting rights for Tesla is more important than exorbitant salaries
Tesla CEO Elon Musk recently shared his thoughts on his compensation plan. If all the established milestone targets in the plan are met, his total compensation could reach up to $1 trillion. Additionally, upon achieving these targets, Musk will receive over 423 million shares of Tesla stock, which will increase his voting control over the company to approximately 29%. On the social platform X, Musk stated that the core issue is not the compensation, but rather that when Tesla mass-produces millions of robots in the future, he needs to have enough influence to ensure safety. He emphasized, "If one day in the future, I can be easily ousted by activist shareholders who don't even hold Tesla stock, I cannot accept such a future." Tesla's annual shareholder meeting is scheduled for November 6 (Thursday) at the Texas Gigafactory in Austin, Texas. Certified shareholders registered by September 15 can participate in the meeting online, exercise their voting rights, and submit questions to the company's management. At Wednesday's close, Tesla's stock price rose by 4%
According to the Zhitong Finance APP, Tesla (TSLA.US) CEO Elon Musk recently shared his thoughts on his compensation plan. If all the established milestone targets in the plan are met, his total compensation could reach up to $1 trillion. Additionally, upon achieving these targets, Musk will receive over 423 million shares of Tesla stock, which will increase his voting control over the company to approximately 29%.
On the social platform X, Musk stated that the core issue is not the compensation, but rather that when Tesla mass-produces millions of robots in the future, he needs to have enough influence to ensure safety. He emphasized, "If one day in the future, I can be easily ousted by activist shareholders who don't even hold Tesla stock themselves, I cannot accept such a future."
Tesla's annual shareholder meeting is scheduled for November 6 (Thursday) at the Texas Gigafactory in Austin, Texas. Certified shareholders registered by September 15 can participate in the meeting online, exercise their voting rights, and submit questions to the company's management.
At Wednesday's close, Tesla's stock price rose by 4%
