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The $50 Billion Musk Referendum
Tesla shareholders will decide whether to back Elon Musk’s leadership—and unprecedented 11-figure bonus—in a pivotal moment for the carmaker.
He pledged to send 1 million people to Mars( SpaceX), to fill factories with humanoid workers( Tesla Bot), and to create a network of highways deep underground(the Boring Company). “While we acknowledge that the company has grown significantly and successfully during the performance period, we still note that the total award value remains excessive,” Kiran Aziz, KLP's head of responsible investments, told WIRED, adding the fund will vote in favor of the motion urging Tesla to engage in labor negotiations. Tesla has paid for ads on Google and X, which is owned by Musk, telling investors to “protect your investment” and support the proposal, according to a company filing with the Securities and Exchange Commission.
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