Executive Compensation & Corporate Governance - The central issue revolves around Elon Musk's 2018 pay package and the necessity of retaining his focus on Tesla [1] - Concerns exist regarding Musk's divided attention, stemming from ventures like his involvement in Washington, D C and other AI companies, potentially distracting him from Tesla [1][2][3] - The board argues Musk is crucial for attracting and retaining talent within Tesla [4] - A key debate questions the justification of a $30 billion check to Musk, especially considering perceived underperformance and a low strike price of approximately $23 per share, while the current price is over $300 [6] Market Performance & Shareholder Concerns - Tesla's stock experienced significant growth in 2020, marking a prosperous period for shareholders [5] - Recent negative headlines, including a jury award in Florida and disappointing delivery numbers from China, have fueled shareholder concerns [5] - The proposed compensation package aims to incentivize Musk's continued dedication to Tesla, particularly amidst legal challenges to his 2018 compensation [3]
Tesla to Award Musk $30B in Stock