In a video released on Friday, Tesla Chairman Robin Dan Holm (Robyn Denholm) urged shareholders to reapprove CEO Elon Musk's 2018 compensation package after a Delaware judge overturned it in court.CurrentlottojackpotSet up the compensation plan.
Musk's compensation package, once worth as much as $56 billion, is now worth about $47 billion because of the fall in Tesla's share price.
Dan Holm said in the video that a shareholder vote to restore Mr Musk's pay would be "very important to the future of the company".
The chairman told investors: "We believe that the opinion of a judge should not invalidate the willingness of all shareholders to vote in the millions." Therefore, we once again ask you to make your voice heard by voting for 2018 performance awards. "
Dan Holm argued in the video that it was fair for Musk to receive the award. Shareholders set the bonus to encourage the tech billionaire to achieve "ambitious financial and operational goals".
She pointed out that under Musk's leadership, Tesla's revenue increased from $11.8 billion to $96.8 billion and turned a loss of $2.2 billion into a profit of $15 billion.
These milestones have increased Tesla's value from $53.7 billion to more than $790 billion, she said.
"his success is shared by all shareholders," Dan Holm said of Mr Musk, adding that investors had seen their shares rise by 100 per cent in value.
Tesla's 2024 shareholders' meeting is scheduled to be held at 03:30 central time on June 13.