Elon Musk's Future at Tesla
Tesla has warned that Elon Musk could step down as CEO if shareholders reject his $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 him through 2032.
Musk's leadership is "critical" as Tesla pursues ambitions in artificial intelligence, autonomous driving, and robotics.
- The decision comes ahead of Tesla's annual meeting on November 6.
- The company is under scrutiny over board independence and executive oversight.
Denholm highlighted that without a properly structured plan, the company risks losing Musk's "time, talent, and vision."
Author's summary: Musk's future at Tesla depends on shareholder approval of his pay package.
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