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Cathie Wood Backs Elon Musk’s $1 Trillion Tesla Pay Plan, Predicts Decisive Approval

Cathie Wood Backs Elon Musk’s $1 Trillion Tesla Pay Plan, Predicts Decisive Approval

Author:

Global Cryptocurrency

Published:

2025-10-20 13:46:02

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BTCCSquare news:

Cathie Wood, CEO of Ark Invest, has publicly endorsed Elon Musk's ambitious $1 trillion compensation package for Tesla, predicting it will pass "decisively" despite opposition from proxy firms. The proposal, set for a November 6 shareholder vote, would grant Musk stock awards tied to Tesla achieving a $8.5 trillion valuation and meeting 12 operational milestones by 2035.

Wood argues that index fund ownership—now representing 2.4% of the S&P 500—won't significantly impact the vote outcome. Institutional Shareholder Services and other advisors have criticized the plan as excessive, creating a high-stakes showdown between Tesla's board and major investors.

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