Tesla's board urged shareholders in a video to vote for CEO Elon Musk's $47 billion pay package.
AdvertisementTesla's board made yet another push to get CEO Elon Musk his $47 billion pay package — this time on-camera.
But Musk's billions in extra pay were thrown out after a Tesla shareholder filed a lawsuit arguing the payout was excessive.
The shareholder vote to bring back the pay for Musk, Denholm said, will be "incredibly important for the future of the company."
Related storiesShe noted that the carmaker grew revenues from $11.8 billion to $96.8 billion and turned a $2.2 billion loss into a $15 billion profit under Musk's leadership.
Persons:
Elon Musk's, —, Elon Musk, Robyn Denholm, it's, Denholm, Tesla, “, ”, AmfRYo28ah — Sawyer Merritt, Musk, Forbes
Organizations:
carmaker, Service, Securities and Exchange Commission, Business
Locations:
Delaware