Analyst expects Tesla shareholders to reapprove Musk's compensation package
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Tesla again seeks shareholder approval for Musk's 2018 pay voided by judge
April 17, 2024 7:09 AM EDTBy Arsheeya Bajwa and Tom Hals
(Reuters) -Tesla on Wednesday asked shareholders to reaffirm their approval of CEO Elon Musk's record-breaking $56 billion compensation that was set in 2018, but was rejected by a Delaware judge in January.
The re-vote comes ahead of next week's quarterly earnings for Tesla, which is grappling with weak demand as well as a reputational hit to Musk from his political leanings and approval of an antisemitic conspiracy theory last year.
"Elon has not been paid for any of his work for Tesla for the past six years...," Board Chairperson Robyn Denholm... More
