Elon Musk's Future at Tesla
Tesla has warned that Elon Musk could step down as CEO if shareholders reject his proposed $1 trillion performance-based pay package.
Chair Robyn Denholm emphasized the importance of approving the package, stating that it is
critical to retaining Musk through 2032and that his leadership is vital to the company's growth and ambitions in artificial intelligence, autonomous driving, and robotics.
- The package is performance-based and worth $1 trillion.
- Shareholders will vote on the package at Tesla's annual meeting on November 6.
- Denholm warned that without the package, the company risks losing Musk's
time, talent, and vision
.
Tesla's warning comes amid ongoing scrutiny over board independence and executive oversight.
Author's summary: Musk's $1 trillion pay plan is crucial for his retention at Tesla.
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