Elon Musk Stakes Fortune on Cult Following Who Made Him Rich (1)

Elon Musk is making one of his biggest asks of Tesla Inc. investors yet.

It was one thing for shareholders to approve his moonshot pay package in 2018, when it contained seemingly audacious goals and the market for electric vehicles was still Tesla’s to lose.

In requesting that they ratify the same package again, Musk and Tesla’s board are gambling that the billionaire’s cult following and his role in the carmaker’s stock surging about 700% over the past six years — which its leadership says merits a big payday — will outweigh the fact that much has changed since 2018. ...