Link Tesla’s Executive Compensation to ESG Performance
Elon Musk is the highest paid executive in the world and his compensation is currently linked to Tesla’s financial performance. However, shareholders have since legally challenged this $56 billion pay package for being excessive, while Tesla has lost its place on the S&P 500 ESG Index for poor ESG performance. Additionally, the company has suffered allegations of child labor in its supply chain, rulings that Tesla violated labor laws, and evidence of racism at the company. We are therefore asking Tesla to tie executive compensation to key metrics of ESG performance.*

Important disclosure: Tulipshare has co-invested alongside our users in support of this campaign. Tulipshare currently owns 44 Tesla shares. Please see below to learn more about supporting our campaign.

Our Goal

At Tesla, CEO pay has been linked to company performance since 2012; and in 2018, Elon Musk was given an exorbitant performance-based compensation award consisting of a 10-year grant of stock options hinging strictly on financial benchmarks, namely market cap and revenue-based operational milestones. At the time, Tesla’s Board of Directors assured investors that “Elon’s compensation will be 100% aligned with the interests of our stockholders.”

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