Proxy advisory firm Institutional Shareholder Services advised TeslaTSLA 2.46%increase; green upward pointing triangle Investors are expected to vote against a new $1 trillion pay package for Chief Executive Elon Musk and against a potential investment by Tesla in xAI, its AI company.
In a report released Friday, the proxy firm wrote that it was concerned about the size and design of the “astronomical” stock award, even though Musk only gets the payouts if he creates enormous value for Tesla shareholders.
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