Tesla Grants Elon Musk $29 Billion Massive Pay Deal—Now Shareholders May Sue

Tesla Grants Elon Musk $29 Billion Massive Pay Deal—Now Shareholders May Sue - Fedlan News

Tesla Grants Elon Musk $29 Billion Massive Pay Deal—Now Shareholders May Sue - Fedlan News: Tesla Grants Elon Musk $29 Billion—Now Shareholders May Sue amid rising backlash and renewed concerns over corporate governance.

This new $29 billion stock award feels to many like a desperate attempt to hold onto the myth of Musk. But myths don’t keep factories running. They don’t inspire customer loyalty when better, cheaper EVs hit the market. And they certainly don’t protect a company from economic or political fallout. Right now, Tesla is facing all three.

The consequences are already showing. Tesla’s brand favorability in the U.S. has dropped significantly. Young, environmentally conscious consumers who once idolized Musk are turning to brands like BMW and Mercedes, disillusioned by his politics and antics. In countries like Brazil and South Africa, Musk’s businesses are hitting roadblocks and public resistance. And with Trump threatening to revisit Musk’s immigration status and federal contracts, the risks are stacking up.

This situation isn’t just a shareholder concern—it’s a cautionary tale about the dangers of unchecked leadership. Musk once represented the future of tech. But now, to many, he’s become a symbol of what happens when corporate boards forget who they’re supposed to serve.

The Tesla board had a chance to course-correct after the court’s ruling. Instead, they handed Musk another multibillion-dollar package and invited another round of lawsuits. They bet—again—that Elon is worth the risk. But that bet is looking shakier by the day.

What happens next will test not just Tesla’s resilience, but the strength of corporate governance in America. Because this is no longer just about one CEO’s payday. It’s about whether rules still apply when the person at the top is too big to fail.

And if that answer turns out to be no, Tesla’s shareholders—and the public—may end up paying the price.

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