On May 26th, according to reports, Tesla CEO Elon Musk's extravagant salary has become a market focus. Consulting firm Glass Lewis strongly recommends in its latest report that Tesla shareholders reject Musk's proposed $56 billion compensation package.
The report clearly points out that Musk's compensation package is massive and, if implemented, could trigger significant "equity dilution effects," thereby adversely affecting shareholder interests.
Furthermore, the report notes that in the years leading up to this compensation proposal, Musk has devoted a considerable amount of time to projects unrelated to the company's core business, especially the recent high-profile acquisition of X company. This behavior undoubtedly intensifies market doubts about the reasonableness of his compensation.
At the same time, Tesla shareholders will also vote on a proposal at the upcoming shareholder meeting on whether to support the company's headquarters relocation from Delaware to Texas.
However, Glass Lewis also opposes this move, believing that it not only goes against shareholder interests but may also increase operational uncertainty and risk for the company.
Now, both Musk's sky-high compensation plan and Tesla's headquarters relocation plan will face shareholder votes. The market will closely monitor the outcome of this vote to observe shareholders' views and attitudes towards Tesla's future direction.
