Cathy Wood Rips the Delaware Court Finding Voiding Musk's $56B TSLA Compensation

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the Delaware court decision, forcing #Tesla to void the March 2018 vote on Elon Musk’s performance-based pay package, is un-American, an assault on investor rights, and an insult to the Board of Directors of one of the most stunningly successful companies in US history.
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Working with @ARKInvest’s General Counsel, who analyzed the 200+ page Delaware Court decision, I have concluded that legal nuances and the controversial interpretation of them have missed the forest for the trees, spectacularly and unfairly.

Tesla’s Board incentivized @elonmusk with a Herculean task that most analysts and auto manufacturers did not believe possible....

Agreeing to no salary during those five years, Elon also would have received much less performance-related compensation if he had achieved less than the lofty milestones associated with our bull case. Instead, he shocked and delighted shareholders.

Thanks to Elon’s ingenuity and dogged determination, Tesla hit our bull case target price in 2021, two years earlier than we anticipated. Since then, many shareholders have shared stories with us about how our research inspired their investment in $TSLA and changed their lives.

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