Elon Musk’s $55 billion salary deal with upset Tesla investors: Musk’s statement was not delayed
May 30, 2024
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Billionaire businessman Elon Musk has been having an important debate with Tesla investors for some time now. This issue is between Elon Musk and Tesla $55 billion income
Billionaire businessman Elon Musk has been having an important debate with Tesla investors for some time now. This issue is between Elon Musk and Tesla $55 billion income agreement. Tesla management and Elon Musk Agreement concluded in 2018, where Tesla met certain sales goals and Elon Musk received shares in return. Under this agreement, Musk earned $55 billion in revenue.
In a news story we shared with you in January, we reported that the court that dealt with this matter, which brought investors and Elon Musk face to face, rejected this agreement. We mentioned that you canceled. Now there is a new development in this area. Marcie Frost, CEO of CalPERS, one of Tesla’s largest investors, said this agreement Not implementedfor He stated that they will do their best.
“Not proportionate”
According to Marcie Frost’s statement, there is enough gap between Elon Musk and Tesla’s agreement and the company’s growth. growth rateNo. In that case, such a salary agreement is meaningless for the company. In the meantime; Other investors who think like CalPERS is Let’s share the information.
‘They don’t keep their promises’
Elon Musk, who exercised his right of reply regarding the statements made by the CEO of CalPERS, made a hard exit. Elon Musk’s post on X read as follows:
What he said makes no sense as all contractual conditions have been met. CalPERS is not keeping its promise.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.