Tesla board rallies retail investors to vote for Musk's US$56b pay package

Tesla board rallies retail investors to vote for Musk's US$56b pay package
Vehicles at a Tesla store in Colma, California. (Image: Bloomberg)
Bloomberg
(Bloomberg) -- Tesla Inc. is looking to woo its unusually large base of retail investors to get approval for chief executive officer Elon Musk’s $56 billion (NZ$91.4b) pay package.To help lead that drive, the company's board has hired a strategic adviser, according to a person familiar with the matter. To bolster the campaign, the adviser is working with an outside law firm, the person said.The adviser has set up a dedicated Vote Tesla website to encourage participation among retail investors, who hold an estimated 42% of shares in th...

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