Tesla’s board and Elon Musk are betting that shareholders will once again approve his ambitious compensation package from 2018, despite the electric vehicle market’s evolution and the package’s recent invalidation by a Delaware court. The board is relying on Musk’s popularity and his role in Tesla’s stock surge of approximately 700% over the past six years to persuade investors that he deserves the substantial compensation.
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News