Elon Musk's $55 billion pay deal with Tesla has upset investors. One of Tesla's biggest investors said they will do their best to stop this deal.
Musk has been in a disagreement with Tesla investors over this $55 billion pay deal. This 2018 agreement involved Tesla meeting certain sales targets, with Musk getting shares in return. As a result, Musk made $55 billion.
In January, we reported that the court canceled this deal. Recently, Marcie Frost, CEO of CalPERS (one of Tesla's largest investors), said they will work hard to stop the deal from happening.
Frost stated that the company’s growth doesn't justify such a large pay deal for Musk. Other investors agree with CalPERS.