Tesla investors are trying to stop Elon Musk’s huge compensation plan, which they think is unfair. The New York City pension funds are leading this charge, saying that Musk is not doing a good job of running the company because he is too busy with other things. They are worried that if Musk sells his shares in Tesla, the stock price will drop a lot. The investors also think that Musk is using Tesla’s resources for his other projects, which is hurting the company. On the other side, Tesla’s board supports Musk’s pay plan, saying that he has done a great job in the past. They point to the fact that if Musk didn’t meet his goals, he wouldn’t get paid at all. The investors are asking other shareholders to vote against Musk’s pay plan and to also not support Musk’s brother and a friend of his who are on the board.
