Tesla board chairman calls proxy advisory firm’s criticism of Elon Musk’s $1 trillion pay ‘misguided recommendations’; writes open letter to shareholders

Tesla Chairperson Robyn Denholm has urged shareholders to disregard proxy advisors ISS and Glass Lewis regarding Elon Musk’s pay package. She argues their ‘misguided recommendations’ fail to grasp Tesla’s unique, status-quo-challenging approach. Denholm emphasizes Musk’s compensation is a performance incentive tied to extraordinary shareholder value creation and long-term retention.