"On Wednesday, in a post on X, Gerber said he finds it amazing that an automotive company that is currently "struggling to sell cars" is now spending money on advertising to "sell a pay package." Gerber's remark follows Tesla's online advertising campaigns, reportedly highlighting Musk's value to the company, ahead of its annual shareholders meeting on Thursday, where the crucial vote on his pay package is set to take place, according to a report by BBC News."
"Several prominent analysts and investors have voiced sharply contrasting views on Musk's proposed pay package and what it could mean for Tesla's future. Investor Cathie Wood of Ark Invest has supported the compensation plan, calling Musk "the most productive human being on earth," who is currently involved in tackling some of the world's most challenging problems. She added that the package was a "win-win for all of us.""
Gerber criticized Tesla for running advertisements to promote Elon Musk's $900 billion compensation plan while the company struggles to sell cars. Tesla deployed online campaigns highlighting Musk's value ahead of a shareholder vote on the pay package. Sales are dwindling across key markets in Europe and China. Musk's political activism, including a $250 million contribution to President Donald Trump's campaign and a brief stint heading the Department of Government Efficiency, is reported to have cost Tesla close to 1 million U.S. car sales. Investors remain divided, with Cathie Wood and Michael Dell expressing support for the compensation plan.
Read at Benzinga
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