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Musk's $56B pay package vote approved: Can it drive TSLA further?
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Mr Long Term joined discussion · Jun 10 04:32
Goodbye?
Tesla, the major American electric vehicle manufacturer, will hold a shareholders’ meeting on the 13th of this month. At that time, CEO Elon Musk’s US$56 billion to vote on the stock-based compensation case.  Tesla Chairman Robyn Denholm warned that Musk may leave Tesla if the US$56 billion compensation package is not approved.

According to comprehensive media reports, Dennom recently pointed out in a letter to shareholders submitted to the U.S. Securities and Exchange Commission that Musk is not a typical senior executive and Tesla is not a typical company.  So the typical way companies compensate key executives isn't driving Tesla's results, and motivating someone like Musk requires something different.

In his letter, Dennom hinted that Musk might leave "elsewhere" without a proper motive.  Dennom said that the company realized as early as 2018 that Musk does not have unlimited time to wait, and Musk does not lack creativity. In other ways, he can bring incredible changes to the world.

Dennom believes that if Tesla wants to retain Musk and inspire him to continue to invest time, energy, ambition and vision to achieve similar results in the future, it must fulfill the promises the company made to Musk in 2018.

Dennom also said that voting to approve the $56 billion compensation package had nothing to do with money, saying that Musk is one of the richest people on the planet. Even if Tesla breaks the promises we made in 2018, Musk is still the richest person. Wealthy people.
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