Tesla rewards Elon Musk’s reality-distortion field
TL;DR
Tesla shareholders approved Elon Musk's massive pay package and booed a proposal to limit shareholder lawsuits, highlighting his strong influence and the crowd's loyalty.
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The most striking moment of Tesla's annual shareholder meeting Thursday wasn't when Elon Musk won a impossible-sounding pay package worth nearly $1 trillion. That was a foregone conclusion, given Musk's popularity with retail shareholders and his ability to vote his own extensive holdings.
To me, the more illuminating moment was when the gathered crowd of shareholders, many of them wearing Tesla-themed gear and grooving out to the company's signature lo-fi beats, booed a proposal by New York State Comptroller Thomas DiNapoli to repeal a new bylaw that essentially makes it impossible for regular shareholders to sue the company.
Tesla's boar …