Tesla (TSLA) shareholders are trying to encourage others to vote against CEO Elon Musk’s $56 billion pay package, saying Musk is distracted by the other companies he is running like SpaceX and X. The group wrote to shareholders, “Tesla is suffering from a material governance failure which requires our urgent attention and action.” New York City Comptroller and one of the letter’s signatories, Brad Lander, joined Yahoo Finance Live to discuss the bigger problem with Tesla’s board governance on May 24, 2024.
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This guy talks bullshit…..Telsa with the same CEO who has been focused on lots of things for a LONG time have grown amazingly well and successfully over the past 8-10 years…nothings changed, except Musks public politics opinion.
Incredibly dumb review hahaha😂😂😂
You have a New York government agent saying why the government is right. You notice he keeps saying we we we when he has nothing to do with anything being talked about
This is yet again the government getting involved where they don’t belong. And making stuff up to gain power.
The compensation package, as approved by shareholders in 2018, would have paid him nearly nothing if he failed to meet ANY ONE of the milestones. Experts at the time thought he was insane and said it was an impossible job. But he managed to meet every milestone. Pay the man!
I think shareholders can divest of their Tesla holdings if Musk’s performance is not meeting their expectations. This is how a free market economy should operate. Trying to force Musk into divesting his other businesses simply because you, the commentator, don’t have the bandwidth to operate multiple businesses doesn’t mean that Musk is bound by those same handicaps. Musk met conditions to earn the money. Just pay him.
No other CEO on earth could have brought Tesla to where it is and where it is about to go. Elon, sleeping on the factory floor, while working 120 hour work weeks to reengineer a factory and save Tesla. What other CEO could do that. Then, capitalizing on that hard gained knowledge to continually make improvements to manufacturing and products all the while substantially reducing cost, with forsight to always be ahead of supply chain disruptions, and disruptions in general.
Lexus tore a model Y down and called it a masterpiece work of art. Which it must be, since it is the first luxury car in the world to be the number one selling car in the world. Elon haters, like this guy, look to next quarter or the one after that. Idiots that have no grasp of the long term picture and the heavy hand of Elon keeping the company lean and driving it to become the biggest corporation in the world, instead of becoming just the next bloated legacy auto disaster that can’t make a profitable EV to save their lives. Tesla sets the trends.
Do these people not comprehend that if Elon behaved like other Auto CEOs then Tesla corp, if it still existed, would look just like those other auto companies. 100 billion in debt, and completely incapable of innovation or keeping up with technology.
A corporate hak supposedly focused 💯% on Tesla possibly in the interest of special interest groups is not what most shareholders and stakeholders want or should want IMO!
Elon Musk is and has to remain CEO of Tesla, SpaceX, X, XAI, the Boring Company, Neuralink, Starlink, etc…
As a shareholder if you vote no and this does not pass Tesla will go under 100. I have day traded Tesla for literally 10 years now I promise you I am 100% correct on this.