Reported about 1 year ago
Tesla analyst warns against voting for Elon Musk's $56 billion pay-package proposal, as Norway's sovereign wealth fund plans to vote against it due to concerns over the package's size, structure, dilution, and risk mitigation. Musk, however, remains confident in public support. The fund also plans to support a shareholder proposal for Tesla to adopt a freedom of association and collective bargaining policy, a move that could benefit labor unions. Analysts predict that Musk's pay package may not pass the shareholder vote, and if rejected, Tesla's diluted-share count would decrease, potentially impacting the stock negatively.
Source: YAHOO