Rep. James Talarico (D-TX) has criticized Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk‘s new trillion-dollar pay package deal authorized by traders throughout final month’s shareholder assembly.
‘We Cannot Fulfill The Wealthy,’ Says James Talarico
Taking to the social media platform X on Sunday, Talarico criticized Musk in his put up. “The explanation poverty exists within the wealthiest nation on earth isn’t as a result of we will’t feed the poor — it’s as a result of we will’t fulfill the wealthy,” he mentioned within the caption, calling on the federal government to impose taxes on the wealthiest part of society.
“Do we actually consider one man is value greater than each elementary faculty trainer?” Talarico requested in a video connected to the put up. Talarico outlined medical payments bankrupting sufferers in America, and in addition introduced up homelessness amongst military veterans.
“I am all for achievement,” Talarico mentioned, however questioned whether or not Musk’s wealth was success or “hoarding.” He additionally added that the federal government must “tax trillionaires out of existence.”
Bernie Sanders Criticizes Elon Musk
The criticism follows Sen. Bernie Sanders (I-VT) just lately slamming Musk, urging taxation on the billionaire. He shared that Musk’s pay package deal was value greater than the mixed compensation for elementary faculty academics, farm employees, bartenders, cashiers and restaurant cooks within the nation.
He additionally questioned the appearance of AI, including that governments would want to make sure that billionaires like Musk don’t profit from utilizing the expertise to undermine democracy.
Sanders is not the one Democratic chief who has criticized the pay package deal, as Rep. Teresa Leger Fernandez (D-NM) slammed the Tesla CEO, saying that any faculty trainer had “extra work ethic of their pinky finger” than Musk.
Michael Burry Calls Tesla Overvalued
‘The Large Brief’ investor Michael Burry raised questions over Tesla’s market capitalization figures, just lately calling the EV big “ridiculously overvalued.” It is value noting that Tesla is value greater than the mixed market capitalization of all of its opponents.
Tesla scores nicely on Momentum, whereas providing passable High quality and Progress, however poor Worth. It additionally has a positive worth pattern within the Brief, Medium and Long run. For extra such insights, join Benzinga Edge Inventory Rankings right this moment!
Value Motion: TSLA jumped 0.11% to $455.00 at Market shut on Friday, however declined 0.07% to $454.66 in the course of the after-hours session, in line with Benzinga Professional information.
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