Elon Musk's Future at Tesla
Tesla has warned that Elon Musk could step down as CEO if shareholders reject his proposed $1 trillion pay package.
The company's chair, Robyn Denholm, emphasized the importance of approving Musk's performance-based compensation, stating that it is
critical to retaining the CEO through 2032.
- The pay package is performance-based and worth $1 trillion.
- Denholm described Musk's leadership as
critical
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.
Tesla risks losing Musk's
time, talent, and visionwithout a properly structured plan, according to Denholm.
Author's summary: Elon Musk may leave Tesla if his pay plan is rejected.
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