New 'take Back Tesla' Campaign Urges Shareholders to Reject Musk $1t Pay

Why would anyone reject this deal? It isn’t a “$1T pay” package. That is a deeply misleading summarization that makes it seem like that’s the guaranteed salary Musk would get. He would need to add $7.5 Trillion in new company value (above the existing $1 Trillion) to unlock that number of shares. That’s a great deal for investors. If Tesla’s value truly grew that way, all the other shareholders would be happy to have seen their own shares grow enormously in value. This is the same reason the previous pay package, which ended up being worth $54B, was justified and also voted in by shareholders twice - the company grew 20x under Musk’s leadership and shareholders were made a whole lot richer as a result.