Elon Musk's Future at Tesla
Tesla has warned that Elon Musk could leave the company if shareholders reject his proposed $1 trillion performance-based pay package.
Chair Robyn Denholm emphasized the importance of approving Musk's compensation, stating that it is
critical to retaining the CEO through 2032and that his leadership is vital to the company's growth and ambitions in artificial intelligence, autonomous driving, and robotics.
- The decision will be made at Tesla's annual meeting on November 6.
- The company is under scrutiny over board independence and executive oversight.
Denholm highlighted the risks of losing Musk's
time, talent, and visionif the package is not approved.
Author's summary: Musk's pay package is crucial for his retention at Tesla.
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