Tesla Mobilizes Retail Investors for Musk's $56 Billion Pay Package
The board hires a strategic adviser to secure shareholder approval amid job cuts and financial challenges.
- Tesla's board has launched a campaign to rally retail investors to vote for Elon Musk's compensation package.
- A dedicated Vote Tesla website encourages shareholders to participate through various methods.
- The push comes after a Delaware judge vetoed the pay package, citing fiduciary concerns.
- Tesla's financial performance has been under scrutiny, with significant job cuts and a drop in stock value.
- Key investors and proxy advisory firms are expected to influence the outcome of the vote.