A Tesla analyst says there is “zero chance” that CEO Elon Musk’s new compensation package is rejected, a testament to the loyalty and belief many shareholders and investors have in the frontman.<\/p>\n
Tesla investors will vote on November 6 at the annual Shareholder Meeting to approve a new compensation package for Musk<\/a>, revealed by the company’s Board of Directors earlier this month.<\/p>\n The package, if approved, would give Musk the opportunity to earn $1 trillion in stock, an ownership concentration of over 27 percent (a major request of Musk’s)<\/a>, and a solidified future at the company.<\/p>\n The Tesla Community on X, the social media platform Musk bought in 2023, is overwhelmingly in favor of the pay package, though a handful of skeptics remain.<\/p>\n Nevertheless, the big pulls of this vote are held by proxy firms and other large-scale investors. Two of them, Institutional Shareholder Services (ISS) and Glass Lewis, said they would be voting against Musk’s proposed compensation plan.<\/p>\n