Elon Musk's Future at Tesla
Tesla has warned that Elon Musk could step down as CEO if shareholders reject his proposed $1 trillion pay package.
According to Chair Robyn Denholm, Musk's leadership is
"critical"to the company's growth, particularly in areas such as artificial intelligence, autonomous driving, and robotics.
- The pay package is performance-based and aims to retain Musk as CEO through 2032.
- Denholm emphasized that without the package, the company risks losing Musk's
"time, talent, and vision"
.
The decision will be made at Tesla's annual meeting on November 6, amidst 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.