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Tesla seeks to award Elon Musk $56bn pay package | BBC
(www.bbc.com)
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this post was submitted on 19 Apr 2024
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Most of TSLA is held by retail. Institutional investors are around 13%, Elon is around the same. (From memory)
Elon said he and his brother will abstain from the vote. They're also going to spend millions to influence the vote.
It'd be pretty stupid for the shareholders to approve either. They also want to move the incorporation from Delaware to Texas, because apparently Delaware isn't corporation friendly enough.
It'll be interesting to see whether common sense or propaganda is more effective on TSLA retail shareholders.