Elon Musk earned his $56 billion pay package, Tesla shareholder says

The final votes roll in to determine the fate of Tesla (TSLA) CEO Elon Musk's $46 billion pay package, the results to be revealed at Tesla's annual shareholder meeting this afternoon. Laffer Tengler Investments CEO and CIO Nancy Tengler and MDB Capital Holdings President and Chief Market Strategist Lou Basenese join Market Domination to discuss Musk's performance as chief executive and the future of the EV company. A Tesla shareholder, Tengler voted in favor of Musk's pay package, explaining that "he earned it. These were ludicrous targets at the time they were set, and he achieved them and surpassed them. And so here's a guy who's made a lot of money for shareholders over the years." On the other hand, Basenese — who does not hold any stake in the electric vehicle maker — is bearish on Tesla under Musk, comparing him to the likes of Apple (AAPL) CEOs Steve Jobs and Tim Cook: "Does Musk have that protege? I don't believe so. If he did, he wouldn't be three-timing it at three companies as the leader."