Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, expressed his gratitude for Tesla Inc. (NASDAQ:TSLA) as an investment, just as shareholders are set to vote on CEO Elon Musk’s $56 billion pay package.
What Happened: Gerber, in an interview with CNBC’s Last Call, stated, “I’m super grateful for Tesla as an investment.” He added, “For me, it’s not whether he deserves it or not. It’s whether this board of directors can have any credibility.”
The shareholders are set to vote on the reinstatement of Musk’s $56 billion pay package. This comes after the board invalidated Musk’s previous $47 billion pay package, leading to a re-vote. The new vote is set to take place on May 7.
On Feb. 13, Ross Gerber's investment firm, Gerber Kawasaki Wealth & Investment Management, reported owning 377,918 shares of Tesla, which is a 5.09% decrease from their previous ownership, according to Fintel.
Despite the recent criticisms, Gerber’s gratitude for Tesla’s returns highlights the company’s continued financial success, which could influence the shareholders’ decision on Musk’s pay package.
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