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Tesla Shareholders Urged by SOC Investment Group to Vote Against Musk's Option Award
$Tesla (TSLA.US)$ shareholders were urged by SOC Investment Group to vote against Chief Executive Elon Musk's 2018 option award at the company's annual general meeting, Reuters reported.
The SOC Investment Group, which works with pension funds sponsored by unions, also called on Tesla shareholders to vote against the reelection of company directors Kimbal Musk and James Murdoch, according to the report.
The SOC Investment Group, which works with pension funds sponsored by unions, also called on Tesla shareholders to vote against the reelection of company directors Kimbal Musk and James Murdoch, according to the report.
The option award was part of Musk's $56 billion pay package that was cancelled earlier this year by a Delaware court. Musk, who currently owns about 13% of Tesla, has said he was "uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control." Without that, he has said in a post on X that he would "prefer to build products outside of Tesla."
SOC issued the call to shareholders days after Tesla rallied retail investors to vote in favor of Musk's pay package. The vote is expected during the company's annual shareholder meeting scheduled in June.
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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Capital Gains : i love elon and all but there is so much stuff messed up with tesla right now i think he needs to fix that and than i think everyone wuold be okay with him taking billions.
Bridgewater638 Capital Gains : U have to vote for him to do so
Capital Gains : Yeah i already voted against it. As i know he started that company and all but he has already been paid billions and even bought twitter with his tesla stock. He just dont seem focused on tesla and teslas stock has paid for it dearly
73372627 : SOC messup with the pensions, and now they want to impose who must be the directors. Those unions to look in theirs backyard and think that theirs ideologies are 100 years old LoL. and not to ununiozated companies. In any case the unions are useless for the economie.
102638300 : If you’re currently a Tesla shareholder, voting against the comp package is shooting yourselves on the foot.
yyou : Hurry up and go to your email to find a voting link to support it
yyou Capital Gains : If you're a shareholder, you shouldn't vote against it but sell me your shares
Capital Gains yyou : Why shouldn’t I vote against it? Tesla has been trashed this year. The only upside was because Elon bought back a bunch of shares and that was the only reason it went from 120 to in the 200s from 2022 to now. It’s only been issue after issue. He buys twitter and stock fails, he wants to get rid of the charging part of Tesla, he sold billions in Tesla stock so it’s not like he hasn’t already started two companies with Tesla money. Also you gotta be a shareholder to vote. I still have my sh
102638300 102638300 : Btw whoever vote against must have hidden agenda to buy the share at lower price . Smart investors will never fall into this kind of trap.
ZnWC : It's a good thing to encourage more shareholders to vote (for or against) especially those who bought Tesla using custodian brokers. The publicity made us aware that shareholders who bought from platforms like Moomoo can actually perform e-vote and made our voice heard.
There's no right or wrong in voting, just consequences. As a shareholder, vote what's best for you.
Let Tesla Shareholders decide How To Vote for CEO's Pay Package and other proposals
https://www.moomoo.com/community/feed/112444417114134?share_code=010mXJ
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