Some interesting things crossed my path recently regarding Tesla shareholders and the vote regarding Elon Musk’s pay compensation package. And it got me thinking — the bigger issue may not be the vote, but what happens after the vote.For starters, I learned that Leo Koguan is voting against Elon Musk’s compensation package, and he is the third-largest individual shareholder of Tesla stock. He holds about $5 billion worth of Tesla stock.
That said, I also agree that Musk has repeatedly made serious moves counter to his fiduciary duty as the CEO of Tesla, that he hurt Tesla shareholdersby quickly selling billions of dollars of Tesla stock to buy Twitter , and that he has hugely hurt consumer demand for Tesla vehicles in the US and a bit abroad from his inane tweeting about far-right-wing conspiracy theories and ideas.
On the one hand, you’ve got shareholders who still have an enormous amount of faith in Elon Musk to lead the company forward. These shareholders believe Tesla’s rapid innovation and future breakthroughs rely primarily on Musk remaining the captain. The belief is that the more power and compensation you give Elon, the more he’s focused on Tesla, and the better Tesla does.
On the flip side, many shareholders think Elon Musk is harming Tesla, perhaps even on a daily basis. Research showing Democrats are much less interested in buying Teslas, lack of sales growth despite dramatic price cuts and leasing deals, and lack of new models and innovation have many stockholders concerned that the company can’t grow as needed without new leadership.
vote), you could imagine a large portion of Tesla shareholders getting disillusioned and pulling their money out.Maybe I am reading too much into the debates, and stockholders on either side would mostly hold no onto their shares matter what happens. However, it’s hard to believe that, especially when considering the heat and passion included in these debates.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ksatnews - 🏆 442. / 53 Read more »