Seth Fiegeman

having a special committee this time with totally different composition, addressing all the procedural aspects that the chancellor took issue with in the court opinion, as well as producing an extensive report that is more extensive than anything that I recall seeing in recent memory to try to address all those concerns.

In addition to, of course, the shareholder vote.

I think it will.

Yeah, I think the shareholders other than Musk and Kimball will vote very substantially in favor of it.

Frankly, the main criticisms I hear are certainly not coming from the retail shareholders who overwhelmingly are not just supportive, but I think are nervous that it won't pass by enough.

And I think the value that Musk brings to this company

It's undeniable.

If he left tomorrow, you can imagine what would happen to the stock price.

And so I think it's unfair not to give him the benefit of the fact that the stock price has gone up by, looking at it now, $130 since this pay package was even announced.

announced, right?

So the market loves it.

I don't see any criticism there.

Really, it's just the sort of rigid voting restrictions of the proxy advisors that are going to be the obstacle here.

It's the cookie-cutter approach they have to apply because they have to try to treat Tesla like every other company.

It's not similar to a hired CEO who's come in from the outside to manage a mature company.

This is a

a founder-led company.

And I'm Nathan Hager.

Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S.

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