Tesla asks shareholders to reinstate on $56 billion pay deal for Elon Musk

Tesla is asking its shareholders to vote again on a $56 billion pay package for the company's CEO Elon Musk just months after a Delaware judge voided the deal. Washington Street Journal business columnist Tim Higgins breaks down the companies request. 

Connect with NBC News Online!

#elonmusk #tesla #nbcnewsnow

[JayTee]

Okay to give him $56B but they had to lay off the 10% of the workforce 😂😂 okay.

[PeterSedesse]

Tesla's share price is where it was 2 years ago. They have missed their numbers 4 quarters in a row. Their conference calls are like an 8 year old is doing them. Cybertrucks production is way behind schedule and they just laid off 10% of their workers.... But sure, let's give the guy who caused all that another 10% of the company....

[michaelccopelandsr]

Hey Elon, you really want to fix something?  How about fixing what YOUR company, Tesla Solar, did and continues to do to my retired parents.  They got solar panels from YOUR company only to find the majority of the credit wasn't going to them.  It went to YOUR company!  When my parents found out and confronted YOUR company, they were told, "You never told us not to."  Now, they can't even remove YOUR companies panels. Even though they haven't been used in over 7 years.  You need to fix this and until you do, I'm going to continue to call you out.  The ball's in your court, Mr. Used-to-be-the-richest-man.  Prove yourself worthy.

[almondblondie]

Elon Musk & TESLA never cared about their

[martensjd]

Tesla would be better off without Elmo.

[TenthCrane]

Shareholders should ask themselves if the $56 billion is better in Elon's pocket or in the company's pocket.

[Nyhiak]

What a con. Stock dropping, 10% layoffs, competition eating their lunch.

[AngelinaCruz]

Was not the Twitter purchase $46 Billion?

[cptnoname]

He's done nothing to give value to the shareholders. He's cost them money and given them plenty of reason to have anxiety about the future. He should get NOTHING.

[anc]

At the same time they layoff 10, 000 people…. and some people still think the guy is gonna save the world and lead us to the future.
This nonsense has to stop

[havaguday]

So, that explains the 10% employee elimination. Sure it will be enough?

[TheUsername]

He's more of a liability at this point

He lost his mind in 2020

[rgen]

Shareholders should fire the entire board and musk. Musk did good work in the beginning but now he has to let go.

[ABanRocks]

He fires 10% of the work force and then wants 56 billion. How greedy can he be when 2 billion-5 billion would have most likely saved those jobs.

[blasphemertheseventh]

Sales are plummeting, the cyber truck is dead on arrival and they are laying off employees. So sure give him gobs and gobs of cash.

[jamesching]

as a investor in tsla, why would you want the largest investor in the company to steal $56 billion from telsa? how does that help the smaller investor position and the company?

[UTD]

So he first fires 10% of people then demands he be compensated $56 Billion. How much were those workers be compensated?

[damham]

The board is stacked with Elons relatives and close friends.

[Theortricesiii]

Austin and Buffalo plants are closing as we speak.

[damham]

Tesla would do much better without the toddler billionaire. They could gain millions of customers Musk keeps away.