Tesla(US:TSLA) Benzinga·2025-10-03 05:45Core Viewpoint - Tesla and CEO Elon Musk are facing scrutiny over Musk's $500 billion fortune and a controversial pay package, with the company defending both against criticism [1][2][4]. Group 1: Musk's Fortune and Defense - Elon Musk's wealth, currently valued at $500 billion, is defended by supporters who argue it reflects the immense value created for society [2]. - Musk attributes his fortune to building valuable companies with talented individuals, emphasizing the positive impact of his work [3]. Group 2: Pay Package Controversy - Tesla has defended Musk's new pay package, which has been labeled "excessive" by critics, including New York State Comptroller Thomas DiNapoli [4]. - The company claims that the pay package is tied to performance incentives that align Musk's compensation with shareholder value creation, stating he would receive nothing if he fails to deliver [4][5]. - Under Musk's leadership, Tesla has achieved an annualized return of 49% since 2018, which the company cites as justification for the pay package [5]. Group 3: Shareholder Engagement - Tesla is actively urging shareholders to vote in favor of Musk's pay package and other Board recommendations, emphasizing the importance of their support [6][7]. - The company has launched an advertising campaign to encourage positive shareholder votes, framing the decision as crucial for Tesla's future [7]. Group 4: Broader Criticism - Public figures, including Senator Bernie Sanders and Pope Leo, have criticized Musk's pay package, labeling it "grossly immoral" and expressing concerns about income inequality [8]. - Musk has expressed discomfort with the idea of being ousted by activist shareholders, framing the vote as a matter of retaining control over the company [8]. Group 5: Company Performance Metrics - Tesla scores well on momentum and growth metrics, while its value rating is considered poor, indicating a mixed performance outlook [9].