Shareholders push back against Musk’s $1 trillion compensation plan

A group of Tesla investors has written a letter asking other Tesla shareholders to vote against the new pay proposal at the company’s annual shareholder meeting on November 6. The proposal provides a new compensation package for CEO Elon Musk, which could be worth around $1 trillion. As reported by Cryptopolitan, Tesla revealed the proposed $1 trillion pay package last month. However, for Musk to access the full payout, he needs to increase Tesla’s market capitalisation to $8.5 trillion over the next decade and achieve a series of significant product milestones. These include boosting annual earnings to $400 billion a...