Rivian stock has been on a roller-coaster ride since going public in 2021. Is it too late to buy in?
The report cited reasons like the "excessive size" of the pay deal, the dilutive effect upon exercise and the concentration of ownership. It also mentioned Musk's "slate of extraordinarily time-consuming projects" which have expanded with his high-profile purchase of Twitter, now known as X. The pay package was proposed by Tesla's board of directors, which has repeatedly come under fire for its close ties with the billionaire.
Tesla shareholders should reject Elon Musk's "excessive" $56 billion pay deal, proxy advisory firm Glass Lewis recommended.