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Benzinga
Benzinga
Business
Ananya Gairola

Bernie Sanders Rips Into Elon Musk's Tesla Pay Package — But Chamath Palihapitiya Fires Back, Defending It As 'Earned'

Elon Musk Chamath Palihapitiya Bernie Sanders United States Nasdaq Tesla Inc. Mark DeLaney Robyn Denholm Vt
Tesla's Q3 Sales Rush, Other Insider Purchases

On Friday, Sen. Bernie Sanders (I-Vt.) blasted Tesla Inc.'s (NASDAQ:TSLA) proposed $1 trillion compensation plan for CEO Elon Musk, calling it insane, while venture capitalist Chamath Palihapitiya defended the deal as a performance-based reward tied to revolutionary products.

Sanders Calls Pay Package Excessive

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