Elon Musk facing backlash from Tesla fans over alleged lack of commitment

Elon Musk faces resistance from previously loyal supporters ahead of a shareholder vote on restoring his $50 billion stock award. Shareholders like Ross Gerber, who once backed Musk, are now questioning his commitment to Tesla due to new factors, such as Musk not working at Tesla full time anymore. Other Tesla fans, like Leo Koguan, have also turned against Musk, citing concerns about his leadership style. The upcoming annual shareholder meeting on June 13 will also address Musk's plans to reincorporate Tesla in Texas and new board terms for individuals close to him. Despite Tesla's efforts to win shareholder support for Musk's pay package, influential advisory firms like ISS and Glass Lewis have raised concerns about its excessive nature. While some investors like Ron Baron support Musk, others like Norway's sovereign wealth fund are voting against the plan. Tesla's future remains uncertain as Musk faces growing criticism and challenges within the company.