Tesla Shareholders Vote On Elon Musk’s $50 Billion Pay Package Next Week—Here’s What’s At Stake
ForbesJUN 2024
Tesla Shareholders Approve Musk Compensation Package
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The Spin
Narrative A
While Tesla's stock price has certainly dropped since the deal was first proposed, the agreed-upon terms were previously met and the board, as it was in 2018, seems set on fulfilling its promise. This vote isn't just about money —Musk requires full control over the company if his innovative ideas are to remain the backbone of Tesla.
Narrative B
Tesla has gone from a world-leading EV maker in hot pursuit of giving everybody affordable and effective green energy cars, to one advertising unnecessary cyber trucks and spending time debating pay packages. Tesla's success should be based on manufacturing and sales, not casino-style money transfers to satisfy shareholders.
Metaculus Prediction
There is a 32% chance that Tesla will officially unveil a new passenger vehicle, possibly called the Model 2, priced under $25K by 2026, according to the Metaculus prediction community.
