Elon Musk, Tesla and Pay Deal Draws Ire
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When it comes to the people most likely to buy his cars, Musk has made a lot of enemies. A study makes a plausible case that it hurt sales.
Elon Musk’s net worth eclipsed $500 billion again Tuesday as Tesla’s shares have risen in recent days, as the automaker appeared to benefit from warming trade negotiations between the U.S. and China,
Electric vehicle manufacturer Tesla has made headlines twice recently after proposing two gargantuan compensation packages for CEO Elon Musk despite a yearslong lawsuit brought by an investor who believes its board of directors sought to overpay Musk.
In a positive sign for Republicans ahead of next year’s midterms, the president revealed he is back in touch with Musk.
Meanwhile, TV host Jim Cramer has backed Musk's $1 trillion pay packet, which has drawn criticism from proxy advisory firms like International Shareholder Services (ISS) and Glass Lewis. Cramer said that Musk, as the CEO of Tesla, "was actually worth" the package.