Musk's vision for Tesla is bound up in AI technology, but also in submitting to his influence.
Tesla and its Chief Executive Elon Musk each fired their own salvos at institutional investors apparently reluctant to give the nod to a disputed $58 billion compensation package for the head of the electric-vehicle giant. Musk himself said one key Tesla stock investor had "no honor." Tesla wrote a detailed letter to shareholders on Wednesday, responding to a report by proxy advisory firm Glass Lewis on Musk's 2018 pay package, which remains under dispute six years after it was originally agreed on.
Will the CEO pay package be approved or not is a key question for Tesla investors who wonder what’s next for shares of the electric-vehicle maker. Everyone is weighing in with an opinion, which isn’t making it easier to figure out what will happen to Tesla shares in the coming weeks. Shareholders are being asked to reinstate Elon Musk’s 2018 pay package worth some $56 billion at the time.