Reported 7 months ago
Elon Musk's small-investor allies celebrated the apparent approval of his $56 billion pay package at Tesla's annual general meeting. Small investors, who hold a significant share of the company, showed unusual interest in this vote, campaigning on social media for Musk's compensation to be reinstated. Despite opposition from major institutions, the Tesla CEO's pay package received broad support, with retail investors and some big institutions backing him, leading to a victory for Musk. The approval is pivotal as Musk faces legal challenges and potential lawsuits, but small investors continue to show unwavering support for him.
Source: YAHOO