Major pension fund tells Tesla investors vote against Musk’s $55B pay package

Hey there, it's time to talk about the upcoming Tesla shareholder meeting and the major pension fund's advice against Elon Musk's $55 billion pay package.

A large pension fund has recommended that Tesla shareholders vote against the reelection of Kimbal Musk and James Murdoch,

and against Elon Musk’s massive stock package.

The pension fund argues that the pay package does not serve Tesla shareholders,

won't have any incentivizing effect, and is excessive.

The letter also highlights concerns about Tesla's corporate governance,

particularly after recent executive changes and Musk's focus on other ventures.

The success of these votes is crucial, and the pension fund's public stance may reflect widespread sentiment amongst financial institutions.

Stay tuned for more updates on this developing story.