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Michael Dell Joins Cathie Wood, Jim Cramer To Defend Elon Musk's $1 Trillion Tesla Pay: '...Shareholders Will Win Big Through' - Tesla (NASDAQ:TSLA), Dell Technologies (NYSE:DELL)
TeslaTesla(US:TSLA) Benzingaยท2025-11-01 06:17

Core Viewpoint - The upcoming annual shareholder meeting for Tesla Inc. is generating significant discussion regarding Elon Musk's $1 trillion compensation plan, which has polarized opinions among investors and industry leaders [1]. Support for the Compensation Plan - Prominent figures such as Michael Dell have expressed support for Musk's compensation plan, emphasizing that it is linked to ambitious market-cap and operational goals, suggesting that shareholders will benefit significantly if Musk succeeds [2]. - Cathie Wood, CEO of Ark Invest, praised Musk's productivity and his ability to attract top talent to address major global challenges [3]. - Jim Cramer from CNBC endorsed the plan, highlighting Tesla's expansion beyond electric vehicles into areas like robotics and AI, which he believes will enhance the company's value [4]. - Portfolio manager Gary Black and investor Tom Nash indicated that it is unlikely shareholders will reject the plan, with Nash urging approval to keep Musk focused on Tesla's future [6]. Opposition to the Compensation Plan - Proxy advisory firms ISS and Glass Lewis have recommended voting against the compensation plan, citing concerns over its magnitude and design, despite acknowledging its potential to create significant shareholder value [7]. - Senator Bernie Sanders criticized the plan as "grossly immoral," while investor Ross Gerber labeled it "insanity" and warned of potential litigation against Tesla due to the compensation structure [7].