Tesla asks shareholders to reinstate on $56 billion pay deal for Elon Musk

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Published 2024-04-17
Tesla is asking its shareholders to vote again on a $56 billion pay package for the company's CEO Elon Musk just months after a Delaware judge voided the deal. Washington Street Journal business columnist Tim Higgins breaks down the companies request. 
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All Comments (21)
  • @JayTee2985
    Okay to give him $56B but they had to lay off the 10% of the workforce 😂😂 okay.
  • Hey Elon, you really want to fix something?  How about fixing what YOUR company, Tesla Solar, did and continues to do to my retired parents.  They got solar panels from YOUR company only to find the majority of the credit wasn't going to them.  It went to YOUR company!  When my parents found out and confronted YOUR company, they were told, "You never told us not to."  Now, they can't even remove YOUR companies panels. Even though they haven't been used in over 7 years.  You need to fix this and until you do, I'm going to continue to call you out.  The ball's in your court, Mr. Used-to-be-the-richest-man.  Prove yourself worthy.
  • @PeterSedesse
    Tesla's share price is where it was 2 years ago. They have missed their numbers 4 quarters in a row. Their conference calls are like an 8 year old is doing them. Cybertrucks production is way behind schedule and they just laid off 10% of their workers.... But sure, let's give the guy who caused all that another 10% of the company....
  • @martensjd
    Tesla would be better off without Elmo.
  • @cptnoname
    He's done nothing to give value to the shareholders. He's cost them money and given them plenty of reason to have anxiety about the future. He should get NOTHING.
  • @TheUsername217
    He's more of a liability at this point He lost his mind in 2020
  • @havaguday
    So, that explains the 10% employee elimination. Sure it will be enough?
  • @rgen28
    Shareholders should fire the entire board and musk. Musk did good work in the beginning but now he has to let go.
  • @TenthCrane2788
    Shareholders should ask themselves if the $56 billion is better in Elon's pocket or in the company's pocket.
  • Sales are plummeting, the cyber truck is dead on arrival and they are laying off employees. So sure give him gobs and gobs of cash.
  • @damham5689
    The board is stacked with Elons relatives and close friends.
  • @ABanRocks
    He fires 10% of the work force and then wants 56 billion. How greedy can he be when 2 billion-5 billion would have most likely saved those jobs.
  • @Nyhiak
    What a con. Stock dropping, 10% layoffs, competition eating their lunch.
  • @UT48D
    So he first fires 10% of people then demands he be compensated $56 Billion. How much were those workers be compensated?
  • @anc2242
    At the same time they layoff 10,000 people…. and some people still think the guy is gonna save the world and lead us to the future. This nonsense has to stop
  • @jamesching41
    as a investor in tsla, why would you want the largest investor in the company to steal $56 billion from telsa? how does that help the smaller investor position and the company?