Here's why CalSTRS is voting against Elon Musk's $56 billion Tesla pay package

Chris Ailman, California State Teachers Retirement Systems CIO, joins 'Squawk on the Street' to discuss Ailman's opposition to Elon Musk's $56 billion pay package, Tesla's business model, and much more.

[BarbaraLouise-ir]

One question, please! Is NVIDIA a safe buy to outperform the market this year? I'm tired of these new buys every week, just to make up some assets with a low percentage on my $236k portfolio and try to keep everything around 10%.

[MrCoopersLife]

Oh my gosh. How does this guy have a job let alone be allowed on tv. Wow.

[brucewane]

The guest is a clown and he’s not funny at all.

[emerica]

I haven't heard one good argument against elon's pay package

[claudemoyen]

This was a BS interview. The initial agreement and deliverables were never discussed. What's CNBC's agenda here?

[ronsilva]

Ugh, what an empty suit . 7 years no pay for Elon . Pay the man’s contract !

[chakmiss]

Spineless, how does he get to decided what is fair. Respect the contract, period.

[brandondavis]

"It's a car company" He sounds like a short seller.

[shdmd]

This guy is everything that is wrong with big money Wall Street

We stand with Elon

[robertmahaney]

This guy wants the stock to tank so the vultures can take it over. It was in his contract!

[tosl]

Without Elon, Tesla is hardly a 10B company.

[csmert]

I WILL BUY MORE TESLA SHARES TOMORROW.

[stereoreviewx]

He is saying we invested in the year 2000 that it cannot be true. It didn’t even start till 2003. The first car came out in 2012. Is he insane?

[jksvke]

Looking back 5 years later the statement saying Tesla is just another car company will be a huge joke. And you are being a 🤡 saying that this compensation package is too much for him, despite the fact he created ten times more value for the shareholders by accomplishing mission impossible. An entity that doesn't even try to fulfill the obligation that comes with an agreed-upon contract doesn't have the most basic business ethic, period.

[riEfs]

This is how jealousy looks like. Elon must get paid.

[dwightmills]

They had a contract, Elon did everything he was supposed to do. Coming after the fact to change the terms is crazy.

[Brad-L]

I assume the decision is 100% political. Teacher unions don't want to support Elon Musk because he demands accountability among our teachers.

[GadgetCheck]

It's a technology company, not just a car manufacturer. They created the factory that builds the car, with infinitely scalable underlying software. Cars, Optimus, and FSD are all just applications. You were right on target as a venture investor, but you got too cocky once your investment paid off and forgot what you had invested in.

I voted for elons pay with my 200 shares.

[tshirtnjeans]

What are CalSTRS returns since 2000?
And what would those returns be with out TSLA?

[emerica]

"they don't make AI chips"😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 tell me you don't understand an investment without telling me you don't understand an investment