Tesla Executives Rally In Support Of Elon Musk's $56B Pay Package: '...Critical For Tesla's Success In AI'
Portfolio Pulse from Anan Ashraf
Tesla executives Ashok Elluswamy and Milan Kovac publicly supported CEO Elon Musk's $56 billion pay package, emphasizing his critical role in Tesla's AI and autonomy success. This comes ahead of a shareholder vote to reinstate the rescinded pay package, despite opposition from proxy advisory firms.
June 10, 2024 | 1:44 pm
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Tesla executives' public support for Elon Musk's $56 billion pay package underscores his importance to the company's AI and autonomy initiatives. This could influence the upcoming shareholder vote, despite opposition from proxy advisory firms.
The strong public support from senior executives may positively influence shareholder sentiment and the vote outcome, potentially leading to a short-term boost in TSLA stock price.
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