Ahead of a shareholder vote on restoring the billionaire entrepreneur's massive stock award, Musk faces strident resistance from previously reliable sources who now question his commitment to the electric vehicle company.had no greater fan than Tesla investor Ross Gerber. When he mocked the SEC on Twitter a few years ago, Gerber asked him to vent to him privately because “you’re just helping the enemy.
Musk has repeatedly pushed back on accusations he’s not focused enough on Tesla, even as the number of other companies he’s running has grown to include SpaceX, Boring Co., Neuralink, X and xAi. “I work pretty much every day of the week. It's rare for me to take a Sunday afternoon off,” he said in a recent earnings call. “I'm going to make sure Tesla is quite prosperous. It is prosperous and it will be very much so in the future.
Tesla’s business in China, which fueled consistent profitability starting in 2020, is cooling and it posted dismal first-quarter results in April, with, a revenue bright spot as more automakers pay the company to access its extensive EV charging network.
Her argument has been persuasive to investors, including billionaire Ron Baron, who came out in favor of the compensation plan last week. “Without his relentless drive and uncompromising standards, there would be no Tesla,” he
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