The carmaker's board says it disagrees with the court's decision to block Musk's pay package
The carmaker also wants shareholders to approve moving its state of incorporation to Texas. A judge blocked Musk's pay package saying he had too much control over the Tesla board. Tesla 's chairperson asserts Musk has not been paid for the past six years. Tesla is calling on its shareholders to once again approve Elon Musk ’s record-breaking compensation package that was blocked by a judge in January. In 2018, Tesla and Must proposed a compensation package worth $55.
“We do not agree with what the Delaware Court decided, and we do not think that what the Delaware Court said is how corporate law should or does work,” Denholm wrote. “So we are coming to you now so you can help fix this issue — which is a matter of fundamental fairness and respect to our CEO. You have the chance to reinstate your vote and make it count. We are asking you to make your voice heard — once again — by voting to approve ratification of Elon’s 2018 compensation plan.
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