Tesla Tempts Shareholders With Giga Texas Tour For Voting On CEO Elon Musk's Rescinded $56B Pay Package from tesla Watch Video

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✓ Published: 29-May-2024
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EV giant Tesla is offering tours of its gigafactory in Texas to select shareholders who vote on CEO Elon Musk‘s rescinded 2018 pay package. To enter the draw, shareholders have to vote their shares and submit proof of share ownership and voting. 15 of the entrants will win the chance to tour Giga Texas with both Musk and Senior Design Executive Franz von Holzhausen a day before the annual shareholder meeting scheduled for June 13.

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EV giant Tesla is offering tours of its gigafactory in Texas to select shareholders who vote on CEO Elon Musk‘s rescinded 2018 pay package. To enter the draw, shareholders have to vote their shares and submit proof of share ownership and voting. 15 of the entrants will win the chance to tour Giga Texas with both Musk and Senior Design Executive Franz von Holzhausen a day before the annual shareholder meeting scheduled for June 13.
⏲ 1:2 👁 285K
Tesla faces investor pushback on reinstating Elon Musk's $55 billion pay package, which involves stock options to hit company milestones. CalPERS, the largest US public pension fund and one of Tesla's top 30 investors, plans to vote against the proposal, saying the compensation is not commensurate with company performance. Other proxy advisory firms and groups of shareholders have also publicly said they will vote against the pay package. Tesla argues the pay plan is critical to the company's future success and has promoted it heavily. The shareholder vote on Musk's pay and other board proposals will occur at Tesla's annual meeting on June 13.
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Some institutional investors like CalPERS have rejected Elon Musk's $58 billion compensation package from Tesla and plan to vote against approving it. A proxy advisory firm, Glass Lewis, recommended shareholders vote against approving Musk's pay package, calling it \
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Delaware Judge Kathaleen McCormick said she feels assured that Tesla would not use its 2024 Annual Stockholders’ Meeting to challenge her decision to rescind Elon Musk's 2018 compensation package. Tesla's legal team said such claims were \
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Elon Musk is encouraging Tesla shareholders to vote on their shares with the offer of a chance to win a personally guided tour of the company's Texas plant. Tesla is offering shareholders the chance to win a tour of the Tesla Gigafactory in Austin, Texas, and the manufacturing lines for Cybertruck and Model Y that would be guided by Musk and Tesla Chief Designer Franz von Holzhausen. Proxy firms have urged voting down the package due to its \
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