Tesla shareholders have reaffirmed CEO Elon Musk’s nearly $56 billion remuneration package, despite its invalidation by a Delaware court in January, leading to mixed reactions from investors and analysts.
While some believe this approval will boost the electric vehicle maker and reduce the risk of Musk leaving the company, others remain skeptical.
“Musk has done a brilliant job with the EV market, and the whole industry has improved because of his vision,” said Naeem Aslam, chief investment officer at Zaye Capital Markets. “He is a deserving CEO, considering his broader approach that goes beyond EV ambitions.”
Aslam added, “Investors are completely wrong if they associate Tesla only with the EV market. The picture is much bigger, and the pipeline of products that Tesla is working on is extensive.”
Some of Musk’s ventures include Tesla, SpaceX, X (formerly known as Twitter), Starlink, Neuralink, and his latest AI project, xAI.
