Elon Musk's Potential Departure from Tesla
Tesla has warned that Elon Musk could step down as CEO 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 the importance of approving Musk's compensation package to retain him through 2032, highlighting his vital role in the company's growth.
- The decision is set to be made at Tesla's annual meeting on November 6.
- The package is seen as essential to keeping Musk at the helm for at least another seven-and-a-half years.
Denholm warned that without a properly structured plan, the company risks losing Musk's "time, talent, and vision."
Author's summary: Elon Musk may leave Tesla if his pay plan is rejected.
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