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.
According to Tesla's chair, Robyn Denholm, Musk's leadership is
criticalto the company's growth, particularly in areas such as artificial intelligence, autonomous driving, and robotics.
- The pay package is performance-based and aimed at retaining Musk as CEO through 2032.
- Denholm emphasized that without a properly structured plan, the company risks losing Musk's
time, talent, and vision
.
The decision will be made ahead of Tesla's annual meeting on November 6, amidst ongoing scrutiny over board independence and executive oversight.
Author's summary: Musk may leave Tesla if pay plan is rejected.
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