Investors Encourage Tesla Shareholders to Vote Against Proposal in SEC Filing

In a recent SEC filing, eight shareholders urge voting against Tesla CEO Elon Musk’s compensation plan and the reelection of Kimbal and James Murdoch to the board. They claim Tesla is experiencing a governance failure that needs attention. The filing includes shareholders such as Amalgamated Bank and New York City Comptroller Brad Lander. The shareholders argue for the removal of Musk’s 2018 pay package, citing a lack of oversight by the board. They state that Tesla needs urgent action to address these governance issues.