NEW YORK, June 13 — Electric vehicle company Tesla kept up the campaign to win last-minute votes ahead of a Thursday shareholder meeting that will weigh in on CEO Elon Musk ’s giant compensation package.
“The future value we are poised to deliver for you is at risk,” the company says on a website for the annual meeting. “We need your vote NOW to protect Tesla and your investment.”In an effort to coax more shareholder participation, Tesla launched a sweepstakes of sorts where 15 investors who vote would be randomly picked for a tour of Tesla’s plant in Austin, Texas personally led by Musk and vehicle designer Franz von Holzhausen.
In April, Tesla revived the package, with Tesla Chair Robyn Denholm imploring investors to “fix this issue” after the Delaware ruling. A defeat for the plan could “increase uncertainty regarding the future leadership of the company and jeapordize the ‘Musk premium’” should the unpredictable chief executive exit, according to Nelson.“Shareholders should ask themselves this question: Is Tesla better off with or without Elon,” Baron said in a public letter.
Source: News Formal (newsformal.com)
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