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This frustration is rooted in a broader suspicion of the so-called "Coastal Elites," who are perceived to wield undue power over regional and national policy, often disregarding the wishes of everyday investors and enthusiasts. Such sentiments underscore a pushback against perceived elitism and an emphasis on grassroots decision-making.
The Tesla Compensation Package and Investor Dissent
A focal point in Tesla’s governance controversy revolves around a multi-billion dollar executive compensation package approved in 2018. This plan, which included various tranches tied to the company's profit and market cap milestones, was designed to motivate Elon Musk and key executives to achieve aggressive growth targets.