Elon Musk's Potential Departure from Tesla
Tesla has warned that Elon Musk could leave the company if shareholders reject his proposed $1 trillion performance-based pay package.
Chair Robyn Denholm emphasized the importance of approving Musk's compensation, stating that it is critical to retaining him as CEO 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.
Without a properly structured plan, Denholm warned that 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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