PREVIEW

Tesla Pushes $1 Trillion Pay Deal For Musk As Shareholders Prepare To Vote. Tesla is urging shareholders to back a massive new pay package for CEO Elon Musk — a deal the company says is worth $1 trillion. Ahead of Thursday’s annual general meeting in Austin, Texas, Tesla has launched a full-scale campaign including digital ads and a website featuring board members praising Musk’s leadership to soaring music. But the vote is far from certain. The meeting is shaping up to be a referendum on Musk himself, whose political turn and outspoken online presence have divided investors and the public alike. Musk has used his platform on X, the social network he owns, to rally support, warning that Tesla’s future “could affect the future of civilization.” His backers include Michael Dell, Cathie Wood, and his brother Kimbal Musk, who said “there is no one remotely close” to Elon. Critics, however, argue that the focus on Musk’s personality and pay shows how the company has lost direction amid declining sales.
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