"Tesla Shareholders Urged to Reconsider Elon Musk's $55 Billion Payday"

Tesla has launched a website to persuade shareholders to vote for reinstating Elon Musk’s $55 billion compensation plan, which was rescinded due to governance issues. The judge found that the board and Musk did not follow the rules of a public company when presenting the plan to shareholders. The website emphasizes that the compensation plan was aligned with shareholders’ interests and achieved its goals, but it does not address the irregularities in how the plan was put together and negotiated. Shareholders will vote on the plan again in June, along with the move to Texas and the re-election of board members.