Tesla workers, investors, and consumers helped make Tesla an industry leader in Electric Vehicles. But Elon Musk’s recent political activity threatens the company’s brand. Musk has embraced right-wing political movements, amplified online conspiracy theories, and attempted to slash government watchdogs.
Now, despite declining sales and market share, Musk wants Tesla shareholders to approve a pay package that could be worth $1 trillion over 10 years – billions of dollars more per year than the current compensation of every S&P 500 company’s CEO combined.
It’s time for Tesla shareholders to hold Musk and his enablers on the Tesla Board of Directors accountable.
It’s our money – let’s use it!
Tesla is a publicly traded company which means shareholders get to vote on Musk’s CEO pay and appointments to Tesla’s board when the company holds its annual meeting. Public pension funds are significant shareholders in Tesla, and the asset managers who invest those funds have even larger holdings. That’s our money and we should tell the people who invest it for us that we want them to vote to hold Musk and Tesla Board members accountable.
Take Action
State pension funds across the country hold millions of shares of Tesla stock worth tens of billions of dollars. State treasurers and other state financial officers invest funds on behalf of workers and retirees. Those pension funds — and the investment managers that work for them — also get to vote as shareholders at Tesla’s annual meeting on issues ranging from executive compensation to board member elections.
Tell your state financial officers: Hold Musk accountable.
Tell them you want your state’s pension funds to oppose Musk’s outrageous CEO pay package, and to oppose all board appointments unless they are willing to stand up for shareholders and push back against Musk’s demands.
