Tesla’s $1T CEO Pay Plan Faces Fresh Pushback from ISS
Tesla's ambitious $1 trillion compensation package for Elon Musk has encountered renewed opposition from Institutional Shareholder Services (ISS). For the second consecutive year, the proxy advisory firm has recommended shareholders reject the pay plan, citing concerns over its magnitude and lack of explicit retention requirements.
The proposal, designed to tie Musk to Tesla for a decade, demands extraordinary performance benchmarks—including an $8.5 trillion market valuation. ISS argues the plan fails to guarantee Musk's focus on Tesla amid his sprawling ventures like SpaceX and xAI. Tesla countered on X, accusing ISS of misjudging governance principles while having no skin in the game.