@GossiTheDog they had to approve the package, because they need the public to keep believing in Musk. No other car company is within an order of magnitude of the valuation of TSLA when talking P/E, and all the other major car companies sell a lot more cars.
TSLA is based on a theory that Musk is unmatched and unstoppable and a unique genius. If they ever let on that they don't believe he is those things, everything falls apart and the market will value TSLA fairly based on actual revenue.