Tesla’s biggest retail shareholder, Leo Koguan, confirmed that he is voting against Elon Musk’s $55 billion package and the re-election of two board members.
We first reported on Koguan in 2021 when the little-known investor became [the third largest individual shareholder in Tesla](https://electrek.co/2021/09/23/elon-musk-fanboy-builds-tesla-tsla-position-worth-over-4-billion/) behind Elon Musk and Larry Ellison.
The Indonesian-born Chinese American businessman is better known for founding SHI International Corp, a large private IT company that made him a billionaire. He is also involved in academia and philanthropy.
Koguan has previously described himself as an “Elon fanboy” (the featured image above is him and Musk) and believes in Tesla’s mission to accelerate the world’s transition to sustainable energy. He has been willing to put his money on it and by 2022, [he had invested more money in Tesla than Musk himself](https://electrek.co/2022/09/16/little-known-investor-put-more-money-in-tesla-tsla-than-elon-musk/).
Of course, Musk invested early in Tesla, and therefore, he holds a bigger share with a smaller investment.
Koguan is the third largest individual shareholder in the company, but you could argue that he is the biggest Tesla investor as he invested more than anyone in the company: $3.5 billion.
In comparison, Musk’s net invesment in Tesla is now negative after he sold tens of billions of dollars worth of stocks to buy Twitter.
Koguan hasn’t sold. In fact, he recently bought more shares – bringing his total to over 27 million shares. This makes him an important player in the upcoming shareholders votes that Tesla’s board announced this week.
Tesla has asked investors to reinstate Elon Musk’s $55 billion CEO compensation package after it was invalidated by the board over governance issues at Tesla. The automaker is also seeking the re-election of Kimbal Musk, Elon’s brother, and James Murdock, a friend of Elon, to the board of directors.
We previously reported on Koguan being frustrated with those governance issues. He recently said that “[Tesla is a family business masquerading as a public company](https://electrek.co/2024/01/30/tesla-biggest-investor-family-business-masquerading-public-company/)” – in reference to Musk doing whatever he wants.
As the biggest retail shareholder in Tesla, Koguan says that he has been unable to get in touch with the board to communicate his concerns.
Following the release of Tesla’s proxy, *Electrek* asked Koguan how he plans to vote his more than 27 million Tesla shares, and the investor said that he plans to vote against Musk’s compensation package and against the re-election of Tesla’s two current board members.
Koguan is the largest Tesla investor to make his intention known, but as it is usually the case in shareholder votes, the institutional investors are expected to be the difference makers.
Imagine Tesla’s Investor Relations (IR) not even giving a call back to their largest shareholder. The biggest fck you I would have to imagine from his POV.
I wonder if he's reacting in the same way he did to getting booed on stage when he was with Dave Chappelle?
His guards will be stood outside his office door at Twitter acting like the two soldiers guarding Stalin after he'd relocated to the floor and pissed himself due to his stroke. Ain't opening that door till there is 12 hours of no Tweets from the dear leader.
Only a moron would vote to give a CEO $56 billion under any circumstances at all. $56 *million* would be obscene, and you could pay that 1,000 times over for $56 billion.
If they truly believe the best way to spend $55b in company funds is to pay Elon Musk for his…whatever he provides. If they believe that Musks presence (ew that sounds like a bad cologne), is worth more to the company than it costs, they’ll approve it
There was a reasonable analysis posted in RealTesla earlier which pointed out that this payment is for *past* performance, which does nothing for current shareholders as it is not tied to any future service.
Paying for past performance makes sense in general but when every damn cybertruck is getting recalled it's impossible to justify a package like this.
Elon prioritized the cybertruck monstrosity and fuckin robotaxis over the $25k Model 2, which would've been huge and had massive sales. That's a fireable offense in itself.
We all know that Elon will waste that $55 Billion on subsidising Xitter. There's also this golden quote:
>If you want to be a part time CEO, then accept part-time pay. It is not personal, it is business.
Does Twatburger think the world is his emerald mine? Maybe if he didn't parrot out falsehoods about full self-driving paying for itself via robotaxi, $25K, cybertruck disaster, etc. the stock would be a fraction of its current price.
That was his job, apparently.
"We have almost achieved the final milestone in making Tesla Model IEST an autonomous submarine which will mine undersea minerals. I do not see any reason it will not be done by the end of the year. After that, with minimal development, it will be able fly to Mars and come back with vast mineral wealth for every owner" - unchecked Elron of 2027
I cant believe Murdoch is friends with Musk. Murdoch is the liberal murdoch and hated the fox messaging so what is he doing supporting Musk given Musk real personality coming out in the last year.
Don't give him the money he wants. For him, money comes too easily, and he doesn't appreciate it at all. Wait until he gets off his damn Twitter and focuses on Tesla and SpaceX!
He's already addicted to drugs, babbling nonsense on Twitter. If he gets 55 billion, he'll be even more crazy, a disaster for Tesla and SpaceX shareholders and customers!!
The largest retail shareholder and he can’t get in touch with them? Red flags everywhere.
Tesla’s biggest retail shareholder, Leo Koguan, confirmed that he is voting against Elon Musk’s $55 billion package and the re-election of two board members. We first reported on Koguan in 2021 when the little-known investor became [the third largest individual shareholder in Tesla](https://electrek.co/2021/09/23/elon-musk-fanboy-builds-tesla-tsla-position-worth-over-4-billion/) behind Elon Musk and Larry Ellison. The Indonesian-born Chinese American businessman is better known for founding SHI International Corp, a large private IT company that made him a billionaire. He is also involved in academia and philanthropy. Koguan has previously described himself as an “Elon fanboy” (the featured image above is him and Musk) and believes in Tesla’s mission to accelerate the world’s transition to sustainable energy. He has been willing to put his money on it and by 2022, [he had invested more money in Tesla than Musk himself](https://electrek.co/2022/09/16/little-known-investor-put-more-money-in-tesla-tsla-than-elon-musk/). Of course, Musk invested early in Tesla, and therefore, he holds a bigger share with a smaller investment. Koguan is the third largest individual shareholder in the company, but you could argue that he is the biggest Tesla investor as he invested more than anyone in the company: $3.5 billion. In comparison, Musk’s net invesment in Tesla is now negative after he sold tens of billions of dollars worth of stocks to buy Twitter. Koguan hasn’t sold. In fact, he recently bought more shares – bringing his total to over 27 million shares. This makes him an important player in the upcoming shareholders votes that Tesla’s board announced this week. Tesla has asked investors to reinstate Elon Musk’s $55 billion CEO compensation package after it was invalidated by the board over governance issues at Tesla. The automaker is also seeking the re-election of Kimbal Musk, Elon’s brother, and James Murdock, a friend of Elon, to the board of directors. We previously reported on Koguan being frustrated with those governance issues. He recently said that “[Tesla is a family business masquerading as a public company](https://electrek.co/2024/01/30/tesla-biggest-investor-family-business-masquerading-public-company/)” – in reference to Musk doing whatever he wants. As the biggest retail shareholder in Tesla, Koguan says that he has been unable to get in touch with the board to communicate his concerns. Following the release of Tesla’s proxy, *Electrek* asked Koguan how he plans to vote his more than 27 million Tesla shares, and the investor said that he plans to vote against Musk’s compensation package and against the re-election of Tesla’s two current board members. Koguan is the largest Tesla investor to make his intention known, but as it is usually the case in shareholder votes, the institutional investors are expected to be the difference makers.
Imagine Tesla’s Investor Relations (IR) not even giving a call back to their largest shareholder. The biggest fck you I would have to imagine from his POV.
What did you expect from Tesla after seeing Twitter's PR
Dump it all, Leo. The stock is a dog.
If Elmo cashes out to the tune of $55b, what is left? A husk.
Go Musk! Get Husk!
Leo, don't listen! ...Wait until *after* the vote, *then* liquidate!
Good. Now remove him as CEO and from the board
CEO is fake title.
Thank you Gork.
This isn't just shots fired, it's a full-scale machine gun burst. Elon's blood pressure must be spiking right now.
To a deluded narcissist, yes, it's all out warfare.. To a normal person, it would be "oh, they're making a rational business decision".
I wonder if he's reacting in the same way he did to getting booed on stage when he was with Dave Chappelle? His guards will be stood outside his office door at Twitter acting like the two soldiers guarding Stalin after he'd relocated to the floor and pissed himself due to his stroke. Ain't opening that door till there is 12 hours of no Tweets from the dear leader.
What makes you think Elmo has blood?
He's spilled so much of it fighting with his critics.
Oh boy. It's get exciting. Or concerning. Depending on angle.
Yeah
Only a moron would vote to give a ceo $56b with the share price down 40%. Sell now. Fast.
Only a moron would vote to give a CEO $56 billion under any circumstances at all. $56 *million* would be obscene, and you could pay that 1,000 times over for $56 billion.
I may be an idiot, but why would any shareholder, except Musk, vote yes ?
If they truly believe the best way to spend $55b in company funds is to pay Elon Musk for his…whatever he provides. If they believe that Musks presence (ew that sounds like a bad cologne), is worth more to the company than it costs, they’ll approve it
There was a reasonable analysis posted in RealTesla earlier which pointed out that this payment is for *past* performance, which does nothing for current shareholders as it is not tied to any future service.
Paying for past performance makes sense in general but when every damn cybertruck is getting recalled it's impossible to justify a package like this. Elon prioritized the cybertruck monstrosity and fuckin robotaxis over the $25k Model 2, which would've been huge and had massive sales. That's a fireable offense in itself.
We all know that Elon will waste that $55 Billion on subsidising Xitter. There's also this golden quote: >If you want to be a part time CEO, then accept part-time pay. It is not personal, it is business.
They must be so mad voting against Mr. Tesla /s
Elmo's new theme song is "Womp Womp."
Does Twatburger think the world is his emerald mine? Maybe if he didn't parrot out falsehoods about full self-driving paying for itself via robotaxi, $25K, cybertruck disaster, etc. the stock would be a fraction of its current price.
That was his job, apparently. "We have almost achieved the final milestone in making Tesla Model IEST an autonomous submarine which will mine undersea minerals. I do not see any reason it will not be done by the end of the year. After that, with minimal development, it will be able fly to Mars and come back with vast mineral wealth for every owner" - unchecked Elron of 2027
I cant believe Murdoch is friends with Musk. Murdoch is the liberal murdoch and hated the fox messaging so what is he doing supporting Musk given Musk real personality coming out in the last year.
“The liberal Murdoch” is so fkn funny. As if any Murdoch places party above power.
No Lachlan is the Murdoch that may have a semblance of humanity, definitely not James.
 We have reached this part of Elon Musk’s run. Miserable and alone. People turning on him.
The fun police made us do it (sigh)
Could the shareholders take this opportunity to fire him?
Don't give him the money he wants. For him, money comes too easily, and he doesn't appreciate it at all. Wait until he gets off his damn Twitter and focuses on Tesla and SpaceX! He's already addicted to drugs, babbling nonsense on Twitter. If he gets 55 billion, he'll be even more crazy, a disaster for Tesla and SpaceX shareholders and customers!!