Tesla's Proxy Statement 2024, released on April 21, outlines two key requests for shareholders ahead of the upcoming annual meeting in June: relocating Tesla's headquarters to Texas and endorsing Musk's 2018 compensation plan, previously invalidated by a Delaware court. Current sentiments within the Tesla community suggest a notable shift regarding Elon Musk.
Musk's unconventional approach to CEO duties, dividing his time among Tesla, SpaceX, and ventures like Neuralink and The Boring Company, has long been accepted. However, with Tesla's stock down 40% this year, opinions about Musk have become mixed.
Concerns arose when Tesla proposed ratifying Musk's 2018 compensation plan and launched supportteslavalue.com, prompting varied responses on platforms like r/TeslaMotors and social media. Notably, investor Leo KoGuan expressed disappointment, suggesting Musk's focus on other ventures may hinder Tesla's progress.
Many shareholders, inclined to reject Musk's compensation plan, cite frustration over Tesla's stock performance and Musk's online presence. Some argue that Musk's attention to issues like DEI and politics detracts from Tesla's core mission.
In 2018, Musk was seen as Tesla's greatest asset; now, some view him differently. Some shareholders advocate for his removal, proposing figures like Tim Cook as replacements. Despite Tesla's stock decline from its peak, supporters highlight its growth since 2018.
Rejecting Musk's compensation plan could lead Tesla toward stability, prioritizing prudent decisions. However, supporting the proposals would maintain Tesla's trajectory of bold ventures under Musk's leadership.
Ultimately, time will reveal the wisest course for Tesla's future.
News from: https://www.teslarati.com/tesla-tsla-investors-want-elon-musk-out/
