Tesla Board Slams Glass Lewis After It Recommends Shareholders To Vote Against Elon Musk's $56B Pay Package
Portfolio Pulse from Anan Ashraf
Tesla's board criticized Glass Lewis for recommending shareholders vote against Elon Musk's rescinded $56 billion pay package, citing faulty logic and speculation. The board emphasized Musk's achievements and urged shareholders to support the pay package and the move of Tesla's incorporation to Texas.
May 30, 2024 | 12:20 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Tesla's board criticized Glass Lewis for recommending a vote against Elon Musk's rescinded $56 billion pay package. The board emphasized Musk's achievements and urged shareholders to support the pay package and the move of Tesla's incorporation to Texas.
The board's strong defense of Musk's pay package and the emphasis on his achievements may reassure some investors, but the controversy and upcoming shareholder vote introduce uncertainty. The move to Texas could have long-term benefits but is also contested.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100