Elon Musk has been pushing Tesla shareholders to vote on a large stock option package that was previously voided by a Delaware court. This comes after news that Musk diverted a shipment of Nvidia chips from Tesla to his X social media platform, leading several Tesla shareholders to criticize his decision. Some of these shareholders, including major institutional investors and funds, have joined together to oppose Musk’s compensation package and are urging others to vote against it. The group points to Musk’s recent actions as evidence that he does not deserve the multimillion-dollar pay package he is seeking. The vote is scheduled for June 13, with the fate of Musk’s deal resting in the hands of Tesla shareholders. This development adds to the ongoing debate over Musk’s leadership at Tesla and calls for a more independent board of directors to oversee the company’s operations. Critics argue that Musk’s decision to divert the shipment of valuable Nvidia chips raises red flags about his commitment to Tesla and suggests conflicts of interest. With several major shareholders and funds representing millions of Tesla shares signaling their opposition to Musk’s pay package, the outcome of the vote remains uncertain.
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https://www.businessinsider.com/tesla-shareholders-criticize-elon-musk-nvidia-chips-pay-package-2024-6?amp
