Elon Musk's 55 Billion Dollar Salary Agreement with Tesla Disturbed Investors: Statement from Musk Was Not Delayed
Elon Musk's $55 billion salary agreement with Tesla continues to be discussed. One of Tesla's largest investors said that they will do their best to prevent this agreement from being implemented.
Billionaire businessman Elon Musk has been in an important dispute with Tesla investors for a while. This issue is the $55 billion revenue deal between Elon Musk and Tesla. The agreement between Tesla management and #Elon Musk in 2018 included Tesla reaching certain sales targets and Elon Musk receiving shares in return. According to this agreement, #Musk earned $55 billion in revenue.
In a news article we shared with you in January, we mentioned that the court dealing with this issue, which pitted investors against #ElonMusk , annulled this agreement. Now, there has been a new development on the subject. Marcie Frost, CEO of CalPERS, one of Tesla's largest investors, stated that they will do their best to prevent this agreement from being implemented.
According to the statement made by Marcie Frost, there is not a sufficient growth rate between the agreement made between #ElonMusk and Tesla and the growth of the company. This being the case, such a salary agreement is meaningless for the company. Meanwhile; Let us also share the information that there are other investors who think like CalPERS.
