Tesla’s Billion-Dollar Gamble: Shareholders Face Historic Compensation Vote

The future leadership of Tesla hangs in the balance as shareholders prepare for a critical vote this Thursday on a compensation package for CEO Elon Musk that could ultimately be worth up to $1 trillion over ten years. This unprecedented proposal has created a deep rift among investors, pitting those who believe Musk is indispensable against others who view the package as excessively dilutive and risky.

Adding significant weight to the opposition, Norway’s sovereign wealth fund—one of Tesla’s largest global shareholders—publicly declared its intention to vote against the compensation plan. The fund, which manages over a trillion dollars in assets and is recognized for its stringent corporate governance standards, cited Read more...