Gary Black, managing partner at The Future Fund, believes Tesla Inc. (NASDAQ:TSLA) shareholders are overwhelmingly likely to approve CEO Elon Musk's proposed, nearly $1 trillion pay package at the upcoming November 6 meeting.TSLA is showing positive momentum. See the market dynamics here.‘Near Zero Chance’ of RejectionOn Monday, in a post on X, Black said, “There is a near-zero chance that $TSLA shareholders will vote down Elon's new proposed comp plan,” which could be worth as much as $1 trillion, making i ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tesla Inc. (NASDAQ:TSLA) Board of Directors Chair, Robyn Denholm, has criticized proxy advisory firms like International Shareholder Services (ISS) and Glass Lewis for opposing CEO Elon Musk's new compensation award, which could make him a trillionaire. ‘One-Size-Fits-For-All' Approach Is Misguided, Says Robyn Denholm In a post on the social media platform X on Tuesday, Tesla's official handle shared the l ...

Future Fund LLC's managing director, Gary Black, predicts a majority of shareholders will approve Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's trillion-dollar pay package during November's shareholder meeting.Check out the current price of TSLA here.An ‘Overwhelming Approval'"I expect a bullish @elonmusk on Wednesday's $TSLA earnings call in front of the Annual Meeting vote," the investor said in a post on the social media platform X on Tuesday. He added that he expected an "overwhelming (70-75%) approval" for ...

Thought Elon Musk's $1 trillion Tesla pay package would have an easy ride? Think again.A second influential proxy-advisory firm is urging Tesla shareholders to vote against Elon Musk's proposed $1 trillion compensation deal, warning that it would hand the billionaire CEO an "unprecedented" payout while shrinking other investors' stakes. Glass Lewis & Co. told clients in a paper published last Friday that the award "warrants significant shareholder concern."It joined Institutional Shareholder Services (ISS ...

Tesla stock rose on Wednesday, rebounding from a 2% decline in the prior session, as attention remained fixed on Chief Executive Elon Musk's potential $1 trillion compensation package and fresh optimi... ...

Leadership Concerns - An engineer from Tesla, Giorgio Balestrieri, criticized CEO Elon Musk's leadership, claiming it has caused significant damage to the company's mission and democratic institutions [2][3][4] - Balestrieri highlighted issues such as public dishonesty, manipulation of discourse, targeting minorities, and support for climate change denial [4] Compensation and Political Context - Tesla recently announced a new compensation package for Musk, which could potentially make him the first trillionaire, contingent on achieving specific milestones [5] - The compensation package has faced criticism from figures like Senator Bernie Sanders, who labeled it "grossly immoral" [6] - Musk's relationship with the Trump administration has come under scrutiny, especially following anti-EV decisions made by the government [7][8] Regulatory Environment - The Trump administration proposed changes to relax emissions standards and rescind the 2009 Endangerment Finding, which could impact climate action in the U.S. [8][9] - These regulatory changes may relieve pressure on automakers to comply with stricter emissions norms [9] Government Relations - Musk expressed a belief that the government is "unfixable," reflecting his views on the inefficacy of governmental structures [10]