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Tesla asks shareholders to restore Musk's pay package: ‘Because the Delaware Court second-guessed your decision, Elon has not been paid for any of his work for Tesla for the past six years...
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
In its proxy statement inviting shareholders to its June 13 th annual meeting, the company claimed that a yay vote would “restore Tesla's stockholder democracy” after it was abrogated by the American justice system. In January a judge rescinded his $56 billion compensation deal over governance flaws. “Because the Delaware Court second-guessed your decision, Elon has not been paid for any of his work for Tesla for the past six years that has helped to generate significant growth and stockholder value,” chair Robyn Denholm wrote in the invitation , arguing it was a “matter of fundamental fairness and respect to our CEO.” She will likely find the meeting a more raucous affair than last May , when investors were elated that shares had soared 40% from their December 2022 lows. On Tuesday, the stock plumbed 52-week lows amid news that the car maker said goodbye this week to over a tenth of its staff, including veteran executive Drew Baglino . Vehicle sales dropped on a year-on-year b
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