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
"critical"to the company's growth, particularly in areas like artificial intelligence, autonomous driving, and robotics.
- The pay package is essential to retaining Musk for at least another seven-and-a-half years, until 2032.
- Denholm emphasized that 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, amid ongoing scrutiny over board independence and executive oversight.
Author's summary: Musk's $1 trillion pay package is crucial for his retention as Tesla CEO.