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 – all to increase his own wealth and power.
Now, despite declining sales and market share, Musk wants Tesla shareholders to approve a pay package that is XX larger than the compensation of the top ten car company CEOs 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 have to approve Musk’s CEO pay and appointments to Tesla’s board when the company holds its annual meeting. Some of Tesla’s largest shareholders include public pension funds that invest public employees’ savings and private investment managers that manage 401ks and other retirement plans. That’s our money and we should tell the people who invest it 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 those funds on behalf of workers and retirees. Those pension funds also get to vote as shareholders at Tesla’s annual meeting on issues ranging from corporate governance to executive compensation.
Tell your state financial officers: Hold Musk accountable. Tell them you want your state’s pension funds to vote no on Musk’s outrageous CEO pay proposal – and oppose all board appointments unless they are truly independent.