Don’t Give Musk the Money
Tesla is an American based company specializing in electric automobiles. The owner, Elon Musk, is currently awaiting a multi-billion dollar award that shareholders fear would scare off other investors.
Elon Musk is the CEO and owner of Tesla. This $2 billion plus award that is planned to be given to him is in hopes that he stays with the company. Elon splits his time throughout several of his business ventures, with Tesla being only one of many. Because of this, shareholders are scared that he may relieve his duties to someone else in order to pursue one of his other interests full time. Others are more concerned as to why Elon needs an addition couple billion dollars to stay at his companyy when he is already a billionaire. Not to mention that this award would give him an additional %12 of the shares of the company when he already owns %20.
Overall, Tesla is doing just fine. Although there are talks of Elon Musk leaving, and some scared about him gaining control of such a high percentage of the shares, odds are we won’t see any action for months. Shareholders are set to meet and vote on what their next plan of action should be in the coming months.