Elon Musk's Future at Tesla Uncertain
Tesla has warned that Elon Musk could leave the company if shareholders reject his proposed $1 trillion performance-based pay package.
His leadership is "critical" as Tesla pursues ambitions in artificial intelligence, autonomous driving, and robotics.
Chair Robyn Denholm emphasized that the package is essential to retaining Musk for at least another seven-and-a-half years, highlighting his critical role in the company's growth.
- The decision comes ahead of Tesla's annual meeting on Nov. 6.
- Ongoing scrutiny over board independence and executive oversight continues.
Denholm warned 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.