{"id":50287,"date":"2023-05-22T18:12:49","date_gmt":"2023-05-22T22:12:49","guid":{"rendered":"http:\/\/autosector.com\/?p=50287"},"modified":"2023-05-22T18:12:49","modified_gmt":"2023-05-22T22:12:49","slug":"tesla-tsla-shareholders-support-for-elon-musk-despite-controversies","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=50287","title":{"rendered":"Tesla (TSLA) shareholders show overwhelming support for Elon Musk despite controversies"},"content":{"rendered":"
\n\t\t\"Tesla<\/p>\n<\/figure>\n

Tesla (TSLA) shareholders are showing overwhelming support for Elon Musk in a reelection vote despite the recent controversies after buying Twitter.<\/p>\n

<\/p>\n

Many Tesla shareholders have been unhappy with Musk since he acquired Twitter. There were many different reasons for it.<\/p>\n

Putting aside all the political and ideological stuff that he said on Twitter that has pissed off people, more concretely, it was that he sold tens of billions worth of Tesla\u2019s stock to buy the social media platform, contributing to a significant decline in the stock price.<\/p>\n

There was also the fact that he had Tesla engineers come work on Twitter, while Musk was believed to be spending less time at Tesla.<\/p>\n

Some Tesla investors were calling for the board to rein him in, with some going as far as asking for him to not be CEO any longer.<\/p>\n

While only the board can fire the CEO, shareholders ultimately vote for who is on the board, and they had a chance to voice their concern with Musk because his seat was up for reelection at this annual shareholder meeting.<\/p>\n

We already knew he had been reelected at the meeting \u2013 this was never really at risk \u2013 but we didn\u2019t know by how many votes.<\/p>\n

Today, Tesla released the official results of the votes, and it was overwhelmingly in Musk\u2019s favor:<\/p>\n

\n\n\n\n\n\n\n\n
For<\/strong><\/td>\nAgainst<\/strong><\/td>\n<\/tr>\n
Elon Musk<\/td>\n1,804,966,970<\/td>\n86,064,052<\/td>\n<\/tr>\n
Robyn Denholm<\/td>\n1,399,563,540<\/td>\n482,406,961<\/td>\n<\/tr>\n
JB Straubel<\/td>\n1,629,080,812<\/td>\n261,498,153<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

Only 86 million shares were voted against Musk\u2019s reelection to the board. He had the strongest support out of the three board members voted upon.<\/p>\n

Denholm, the board chairwoman, was challenged the most here, with almost half a billion shares voted against her.<\/p>\n

Unsurprisingly, JB Straubel is seeing strong support for his election to the board for the first time.<\/p>\n

Electrek\u2019s Take<\/h2>\n

While some shareholders are unhappy with Musk, I think it\u2019s clear that the vast majority of them still want him to be as involved with the company as possible.<\/p>\n

I think a strong number of them might not be opposed to the idea of him eventually stepping down as CEO for someone, let\u2019s say, more stable and have him stay in a visionary role.<\/p>\n

But for now, I\u2019d argue that he is still more positive than negative for Tesla overall.<\/p>\n

What do you think? Let us know in the comment section below.<\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

\"\"<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Tesla (TSLA) shareholders are showing overwhelming support for Elon Musk in a reelection vote despite the recent controversies after buying Twitter. Many Tesla shareholders have been unhappy with Musk since he acquired Twitter. There were many different reasons for it. Putting aside all the political and ideological stuff that he said on Twitter that has […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/50287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50287"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/50287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50287"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}