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Whats the point? If they voted to pay him pay him. Also who cares? If Tesla wants to burn their money let em. There’s no more overvalued company.

The reasoning is because it's FIFTY-SIX BILLION DOLLARS. A pay package of that size is so monumentally enormous it generates a ripple effect through the entire stock market.

In short, it's not about Elon or even about Tesla, but about the knock-on effect it'll inflict on the rest of us.

Also. WTAF is wrong with Tesla shareholders? "Yeah, sure, pay him 3.3 times last year's profit". Dumbass cult

Elon owns 13% of Tesla's shares directly and probably around another 25% indirectly, with friends he's lifted shares to making up another 3rd. It's all shell company shenanigans and cronyism. Also, those weird nerds that want to drink his armpit excretions.

He's literally just got a crook elected who doesn't believe climate change is a thing and electric cars are bad. US sales are tanking. Chinese companies are already eating his lunch elsewhere. And they want to pay him more? I mean, wot?

The “Board” made a hardcore push to all the shareholders to support it. Putting aside the sycophants, I think there’s a certain amount of folks who just went along with the board’s recommendation.

Seems like a very good argument to sack the board. Wouldn't touch TSLA with a bargepole. Index trackers are a problem though...