Next week, November 5, Tesla will hold its annual meeting. Then, the owners will take a stance on the board's proposal for a gigantic compensation package of nearly 1,000 billion dollars, or just over 9,000,000,000,000 kronor, to the electric car company's strong man Elon Musk.
The compensation will be paid out in the form of shares if Tesla achieves certain goals.
Prior to the meeting, among other things, the consulting firm ISS, which helps institutional investors make decisions at various companies' annual meetings, has proposed voting no to Elon Musk's total compensation package.
Now, Tesla's Chairman of the Board Robyn Denholm is urging the owners to vote yes, reports CNBC. The risk is otherwise that Musk will leave and "without Elon, Tesla can lose significant value when our company will no longer be valued for what we aim to become", she writes, among other things, in a letter to the owners.
Elon Musk owns 13 percent of Tesla today and would reach around 25 percent of the ownership if his bonus package turns out well.
