Labor unions and advocacy groups are urging state pension fund managers to reject Tesla’s proposed $29 billion pay package for CEO Elon Musk. In a letter shared with Reuters, organizations such as the American Federation of Teachers and MoveOn warned the payout could endanger workers’ retirement savings and pressed for greater board independence at the company. The controversy follows ongoing legal battles over Musk’s 2018 compensation deal, though Tesla’s board maintains his leadership is essential to its success.
See "US labor, advocacy groups urge states to reject Tesla's $29 billion Musk pay", Akash Sriram, Reuters, August 21, 2025