Tesla Shareholders Will Vote on Elon Musk’s Big Payday. What Happens Then?
Summary
After months of fighting over a pay package promised to Elon Musk six years ago — one that included stock grants now worth about $56 billion — matters are finally coming to a head. “If Tesla is to retain Elon’s attention and motivate him to continue to devote his time, energy, ambition and vision to deliver comparable results in the future, we must stand by our deal,” Robyn Denholm, the company’s chair, wrote to investors on Wednesday. The meme stock closed almost 40 percent lower yesterday despite Keith Gill, an investor known as @roaringkitty on social media, holding a livestream event on YouTube to drum up interest. The first heat wave of what is expected to be another unusually hot summer enveloped the Western United States this week, with temperatures rising to record highs in Phoenix, Las Vegas and other cities. Some recent examples: • None “We estimate that adverse weather reduced full-year attendance by over one million guests,” said Gary Mick, the chief financial officer at Six Flags Entertainment, in a February conference call.