The chief executive of retail activist shareholder platform Tulipshare, Antoine Argouges, said he is "deeply concerned" about Tesla's approval of Musk's compensation package, calling it a "shortsighted" decision and "one that will have detrimental consequences for Tesla's future." Shareholders voted down several of Tulipshare's proposals aimed at improving Tesla's ESG standards, including around anti-harassment efforts, collective bargaining and tying executive pay to sustainability metrics. Argouges said: "Although Tulipshare did not secure majority shareholder support for our proposal to link CEO Elon Musk's pay package to the company's environmental, social, and governance (ESG) performance, we remain committed to our engagement with Tesla." Tesla stock has slipped 29 percent over the past year due to waning demand for its electric cars.