Cramer Backs Musk’s $1 Trillion Tesla Pay Package Ahead of Shareholder Vote
Jim Cramer has thrown his weight behind Elon Musk's controversial $1 trillion compensation package from Tesla, calling the CEO one of the few executives "actually worth it." The CNBC host argued Tesla's valuation extends beyond electric vehicles, citing advancements in robotics, autonomous driving, and battery technology.
Musk framed the November 6 shareholder vote as critical for maintaining control over Tesla's development of humanoid robots. "I just don't feel comfortable building a robot army here and then being ousted," he warned during the Q3 earnings call, taking aim at proxy advisors ISS and Glass Lewis who oppose the package.
The debate comes as Wall Street maintains a cautious stance on Tesla shares, with average analyst price targets implying nearly 15% downside. Market participants now face a stark choice between Musk's vision of transformative technology and corporate governance concerns.
