Investment firm Gerber Kawasaki's co-founder Ross Gerber on Saturday slammed Tesla Inc.'s (NASDAQ:TSLA) Board of Directors for supporting Elon Musk's $1 trillion pay package.

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Musk Over Investors

Gerber publicly criticized Tesla's board for prioritizing CEO Elon Musk‘s interests over those of other shareholders.

"Ive never seen a worse BOD than tesla. It’s so transparent that they all represent Elons interests and zero representation of the other 85% of the company," Gerber said in a post on X.

Gerber described the situation as “absurd,” highlighting that Musk is essentially being granted $1 trillion of Tesla’s shareholder value based on arbitrary goals.

Threat To Leave

Gerber’s comments also pointed out that these goals are tied to a threat Musk made to leave the company.

The criticism from Gerber comes at a time when Tesla’s board is under scrutiny for its proposed compensation package for Musk.

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Florida Pension Fund Backs Plan

“If Tesla meets all metrics within this plan, investors will benefit from incremental value creation of $7.5 trillion,” the agency said in the filing, adding that the created value for shareholders outweighs any dilution as well as the “incremental equity award to Elon Musk for each tranche of compensation.”

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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