Tesla is now buying ads on X in support of Musk’s $1 trillion compensation
15 hours ago
- #Tesla
- #Corporate Governance
- #Elon Musk
- Tesla is buying ads on X (formerly Twitter) to encourage shareholders to vote for Elon Musk's $1 trillion CEO compensation package.
- Elon Musk previously opposed advertising, but after acquiring Twitter (now X), Tesla began limited advertising efforts.
- Tesla is running ads on multiple platforms, including X, Instagram, Facebook, and Reddit, to push for shareholder approval.
- Musk claims the compensation package is about maintaining control over Tesla, not money, to ensure safety in AI and robotics development.
- Musk has threatened to halt AI development at Tesla if he doesn’t gain 25% control over the company.
- Critics argue Musk is using Tesla funds to benefit his private company (X) while pressuring shareholders for personal financial gain.