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.
According to Tesla's chair, Robyn Denholm, approval of Musk's compensation is critical to retaining the CEO through 2032, highlighting his crucial role in the company's growth.
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.
Denholm emphasized that without a properly structured plan, the company risks losing Musk's "time, talent, and vision."
Author's summary: Musk may leave Tesla if pay plan is rejected.