Tesla CEO Elon Musk’s trillion-dollar pay package received 75% approval from investors at the recent shareholder meeting, generating mixed reactions from industry leaders.
Michael Dell, CEO of Dell Technologies, described the approval as a “decisive statement” by shareholders. Ross Gerber, co-founder of Gerber Kawasaki, expressed excitement about Tesla’s plans for 2026 but previously voiced concerns about potential stock dilution related to the package.
Dan Ives from Wedbush Securities supported the decision, emphasizing Musk as Tesla’s key asset, while pointing out the importance of meeting the package’s performance milestones. Jim Cramer also voiced his support, labeling Musk as deserving of the compensation.
Conversely, the package faced criticism from proxy advisors and activists like Sen. Bernie Sanders, who labeled it as indicative of “oligarchy” and highlighted broader issues of inequality. Gene Munster of Deepwater Asset Management considered the approval a positive for shareholders, indicating that Musk’s vision resonates with both retail and institutional investors.
Despite the approval, concerns about Tesla’s value persist, with mixed performance metrics in Momentum, Quality, Growth, and Value.
