Core Viewpoint - The majority of shareholders are expected to approve Elon Musk's trillion-dollar pay package during the upcoming shareholder meeting, with predictions of overwhelming support ranging from 70-75% [1][2]. Group 1: Shareholder Sentiment - Gary Black, managing director of Future Fund LLC, anticipates a bullish outlook from Elon Musk during the earnings call preceding the shareholder vote [1][2]. - The expectation of overwhelming approval for the compensation package reflects strong shareholder sentiment despite some opposition [2]. Group 2: Opposition and Support - The International Shareholder Services (ISS) has opposed Musk's compensation package, indicating concerns regarding its appropriateness [3]. - Cathie Wood, CEO of ARK Invest, defended the pay package, criticizing ISS's index-based investing recommendations as a "form of socialism" and expressing confidence in Board approval [3]. - Ross Gerber, co-founder of Gerber Kawasaki, labeled the pay package as "insanity" and raised questions about the independence of Tesla's Board from Musk's influence [4]. Group 3: Company Performance Metrics - Tesla is noted for strong performance in Momentum, Quality, and Growth metrics, although it scores poorly on Value [4]. - The company exhibits a favorable price trend across short, medium, and long-term horizons [4].
Gary Black Expects 'Overwhelming Approval' For Elon Musk's Trillion-Dollar Pay Package Amid Proxy Advisor Opposition - Tesla (NASDAQ:TSLA)