Well-known technology analyst Dan Ives urged Tesla Inc TSLA edge to ensure Elon Muskposition in the company with a new compensation package.
What happened: In a post on X, formerly Twitter, on Thursday, Ives stressed that it was time for Tesla’s board of directors to act on the ongoing compensation controversy involving Musk. Posting a clip on X from his interview with CNBC, he suggested that Musk should be offered a new compensation package, ensuring his continued leadership role within the company, particularly in the areas of artificial intelligence ) and fully autonomous driving (FSD). until 2030.
During the interview, Ives said, “Moss is the heart and lungs of Tesla. Tesla is Musk, Musk is Tesla. “
Ives also commented on Tesla’s move of headquarters from Delaware to Texas and Musk’s acquisition of 25% of shareholder voting rights. She noted that Tesla’s board of directors must take these measures to keep AI in-house.
“This is critical to ensuring that Musk stays at Tesla until 2030,” he added.
See also: Elon Musk’s 75-year-old mother says he sleeps on ‘mattresses or blankets on the floor or in the garage’
Because matter: Ives’ call to action comes against the backdrop of a tense surrounding climate Tesla and Musk’s compensation plan. A Delaware court’s decision to strike down Musk’s $56 billion equity compensation plan has energized activist investors who are now pushing for significant changes in Tesla’s governance. This court ruling could potentially reshape Tesla’s corporate governance, thus limiting Musk’s influence.
These investors have supported changes to Tesla’s annual shareholder meetings, such as director term lengths and voting thresholds for new bylaws. However, these efforts have so far had little success.
In a recent note, Ives raised an alarm by stating, “We believe the Tesla narrative is as bad as we have seen in recent years with Musk and Tesla attacked by bears from all directions.”
Read next: Elon Musk almost sold Tesla to Google for $11 billion, but called off the deal when he ‘no longer needed a savior’ after sales soared
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