Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package
- by Business Insider on MSN.com
- May 03, 2024
- 0 Comments
- 0 Likes Flag 0 Of 10
Log in
. The shareholder vote to bring back the pay for Musk, Denholm said, will be "incredibly important for the future of the company."
Advertisement
"We don't believe one judge's opinion should void the will of millions of votes cast by all of the owners of the company," the chairman told investors in the video. "So once again, we're asking you to make your voices heard by voting for the ratification of the 2018 performance award."
The chairman argued in the video that Musk fairly received the award, which shareholders set to incentivize the tech billionaire to hit "ambitious financial and operational targets" since Tesla reached its goals as of 2023.
Related stories
She noted that the carmaker grew revenues from $11.8 billion to $96.8 billion and turned a $2.2 billion loss into a $15 billion profit under Musk's leadership.
These milestones, she said, increased the value of Tesla from $53.7 billion to more than $790 billion.
Advertisement
"His success is shared by all stockholders," Denholm said regarding Musk, adding that investors saw the value of their shares increase by 1,100%.
Tesla Board Of Directors Chair Robyn Denholm has released a new video talking about the upcoming 2024 shareholder vote in June. “We are asking your voices to be heard and to vote for these proposals.” pic.twitter.com/AmfRYo28ah
Please first to comment
Related Post
Tweets by elonmusk
To get the latest tweets please make sure you are logged in on X on this browser.