Tesla(US:TSLA) Benzingaยท2025-11-02 09:28Core Viewpoint - Investment firm Gerber Kawasaki's co-founder Ross Gerber criticized Tesla's Board of Directors for prioritizing CEO Elon Musk's interests over those of other shareholders, particularly regarding Musk's proposed $1 trillion pay package [2][3]. Group 1: Criticism of Tesla's Board - Gerber described Tesla's Board of Directors as the worst he has seen, claiming they represent Musk's interests and not the other 85% of shareholders [2]. - He labeled the situation as "absurd," arguing that Musk's compensation is based on arbitrary goals that do not align with shareholder value [2]. Group 2: Musk's Compensation Package - The proposed compensation package for Musk is one of the largest in corporate America, with shareholders expected to approve it at the upcoming November 6 meeting [4]. - Tesla Chair Robyn Denholm warned that Musk might leave if the board rejects the pay package, emphasizing his leadership as vital for Tesla's future, especially in AI and autonomous technology [5]. Group 3: Support for the Compensation Plan - The Florida Retirement System, which holds over $1 billion in Tesla stock, has backed Musk's compensation plan, viewing it as a performance-driven incentive structure [6]. - The Florida agency stated that if Tesla meets all metrics within the plan, investors could benefit from incremental value creation of $7.5 trillion, which they believe outweighs any dilution from Musk's compensation [7].