Elon Musk's Future at Tesla
Tesla's chair, Robyn Denholm, has warned shareholders that Elon Musk could leave the company if his proposed $1 trillion performance-based pay package is rejected.
The package is seen as essential to retaining Musk as CEO through 2032, with Denholm emphasizing his critical role in the company's growth and ambitions in artificial intelligence, autonomous driving, and robotics.
Without a properly structured plan, the company risks losing Musk's "time, talent, and vision.
- The decision comes ahead of Tesla's annual meeting on November 6.
- Shareholders are under scrutiny over board independence and executive oversight.
Author's summary: Musk may leave Tesla if pay plan is rejected.