<div id="readability-page-1"><div><div>Tesla Inc. (NASDAQ:TSLA) Board of Directors Chair, Robyn Denholm, has criticized proxy advisory firms like International Shareholder Services (ISS) and Glass Lewis for opposing CEO Elon Musk's new compensation award, which could make him a trillionaire.Check out the current price of TSLA here.<h2>‘One-Size-Fits-For-All' Approach Is Misguided, Says Robyn Denholm</h2>In a post on the social media platform X on Tuesday, Tesla's official handle shared the letter Denholm penned to investors of the company in an attempt to defend Musk's pay package and &#34;set the record straight,&#34; calling the recommendations of the proxy advisory firms &#34;misguided.&#34;&#34;ISS and Glass Lewis evaluate all companies and all proposals using the same simplistic, one-size-fits-all framework,&#34; Denholm said in the letter, adding that advisory firms are &#34;fundamentally unable&#34; to correctly evaluate Tesla, which challenges &#34;the status quo.&#34;&#34;I encourage you to ignore ISS's and Glass Lewis's advice for this year's Annual Meeting and vote with the Board's recommendations on all proposals,&#34; Denholm said.She then went on to address queries about the package, adding that Musk would be paid nothing &#34;unless shareholders enjoy exceptional investment returns,&#34; and that Musk would secure additional voting rights &#34;if he delivers on bold market capitalization and operational goals.&#34;It's worth noting that Musk had previously expressed worries regarding voting rights, saying that the compensation package wasn't about money; it was about retaining control over the EV giant.Also addressing issues regarding relatively easy milestones in the package, which could give Musk billions of dollars even if he failed to reach all the goals laid down in the package, she said that Musk would need to &#34;lead Tesla to $400 billion in Adjusted EBITDA – which means growing our current Adjusted EBITDA by ~26x,&#34; reiterating that there were no easy milestones.&#34;If you prefer that Tesla turn into just another car company mired in the ways of the past, then you should follow ISS and Glass Lewis,&#34; Denholm said, appealing to the investors to vote yes on all the board's recommendations if they believed in Musk's leadership.<h2>Experts Weigh In On The Pay Package Row</h2>The letter comes as experts have also weighed in on their views regarding the pay package. Gerber Kawasaki's co-founder, Ross Gerber, recently took to social media to criticize the compensation award, calling it &#34;insanity&#34; and questioning the independence of Tesla's Board.Meanwhile, Cathie Wood, CEO of ARK Invest and Tesla Bull, defended the compensation award and criticized ISS for its opposition to the package. She also said that Musk's package would &#34;decisively win&#34; at the shareholder meeting. Elsewhere, Future Fund LLC's managing director, Gary Black, as well as Wedbush Securities' investor Dan Ives, both shared that they expect the new pay package to receive approval from Tesla's shareholders.Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. Tesla also offers a favorable price trend in the Short, Medium and Long term. For more such insights, sign up for Benzinga Edge Stock Rankings today!Check out more of Benzinga's Future Of Mobility coverage by following this link.<ul> <li>Tesla Investor Ross Gerber Says ‘Super Sad’ To See Federal EV Subsidies End: ‘Credits Created…’</li> </ul>Photo courtesy: Shutterstock</div></div></div>

TSLA

TSDD

TSLL

TSLQ

09366

07766

07366

TSLR

Tesla Board Chair Robyn Denholm criticized proxy advisory firms ISS and Glass Lewis for opposing Elon Musk's $1 trillion pay package, calling their approach "misguided". In a letter to investors, she defended the package, stating Musk would only be compensated if shareholders see exceptional returns. Denholm urged investors to ignore the advisory firms' recommendations and support the Board's proposals. While some experts criticized the package, others, including Cathie Wood, defended it, predicting shareholder approval. Denholm emphasized that Musk's goals are ambitious, requiring significant growth in Tesla's financial metrics.

- Tesla's Board Chair, Robyn Denholm, criticized proxy advisory firms ISS and Glass Lewis for opposing CEO Elon Musk's compensation package, arguing their approach is misguided.  
- Denholm emphasized that Musk's pay is contingent on exceptional shareholder returns and that he must achieve significant growth targets, countering claims of easy milestones.  
- The letter has sparked mixed reactions, with some experts supporting the package while others, like Ross Gerber, have expressed strong criticism of the Board's decision.

Benzinga

Tesla

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

GraniteShares 2x Long TSLA Daily ETF

Tesla Board Chair Robyn Denholm Criticizes Proxy Advisors' 'One-Size-Fits-All' Approach To Elon Musk's $1 Trillion Pay Package