Elon Musk Lobbies on X for His $46.5 Billion Tesla Pay Package
Summary
Elon Musk, Tesla’s chief executive, offered a personal tour of the electric carmaker’s factory in Austin, Texas, to select shareholders this week. In some cases, he has posted support for right-wing heads of state, who have later helped secure advantages for Tesla, including lower tariffs and access to important materials. But threats like one he posted in January about pursuing robotics and artificial intelligence ventures outside Tesla unless he got 25 percent of the company’s voting shares could be problematic, they added. Tesla’s shareholders first voted on Mr. Musk’s pay package in 2018, approving a plan to grant him an additional 12 percent stake in the company over a dozen years and making him the highest-paid executive in the country. Glass Lewis, a proxy advisory firm that consults with institutional investors about how to vote their shares, recommended this week that Tesla shareholders reject Mr. Musk’s package.