While Elon Musk, CEO of Tesla, one of the world’s largest electric vehicle manufacturers, seriously criticized the “performance-based pay package decision” made by the Delaware court, he received support from ARK Invest CEO Cathie Wood.

“Elon Musk is the renaissance man and is the inventor of our age”

In an interview with Yahoo Finance, Cathie Wood stated that Musk’s $56 billion performance-based pay package was rejected unfairly by the Delaware judge. She also made the following claims:

“Desicion is un-American, it’s anti-investor, and it’s an insult to the board of directors of Tesla. Musk is the renaissance man and is the inventor of our age. It is not right to impose obstacles on such people.”

As it is known, in 2018, a Tesla shareholder stated that Musk’s pay package was unfair and filed a lawsuit. This month, a Delaware court judge ruled that Musk’s pay package was unfair and exaggerated.

As a result of the court decision, Musk decided to move the headquarters of Tesla and SpaceX to Texas.

He shared Wood’s video without comment

It was notable that Musk remained silent after sharing the video of Wood supporting him on his X account.

Tesla made a $900 million profit on its purchase of Bitcoin after the Terra LUNA collapse in 2022. The company’s Bitcoin holdings are still close to $500 million.

ARK Invest company is also known for the substantial amount of Tesla shares it holds.