Tesla Investors Urged to Vote ‘No' on Musk's Pay Package

Core Viewpoint - The proposal to vote against the compensation package for Tesla's CEO is primarily driven by concerns over shareholder dilution and the necessity of granting additional control to the CEO given his substantial existing stake in the company [1][2]. Group 1: Shareholder Concerns - Glass Lewis is worried about shareholder dilution resulting from the proposed compensation package [1]. - There is skepticism regarding the appropriateness of issuing more shares that could dilute the current shareholder base of Tesla [2]. Group 2: Company Performance and Leadership - Tesla's leadership under Musk has delivered significant financial results, which some argue should be recognized rather than overridden by proxy advisers [3]. - The company positions itself as more than just a car manufacturer, yet it often compares its performance to traditional car companies, which raises questions about its unique market position [4].