Elon Musk's Potential Departure from Tesla
Tesla has warned that Elon Musk could leave the company if shareholders reject his $1 trillion pay package, emphasizing his crucial role in the company's growth.
According to Tesla's chair, Robyn Denholm, approval of Musk's performance-based compensation is vital to retaining him as CEO until 2032.
Musk's leadership is "critical" as Tesla pursues ambitions in artificial intelligence, autonomous driving, and robotics.
- The decision is pending ahead of Tesla's annual meeting on November 6.
- The company is under scrutiny for board independence and executive oversight.
Denholm stressed that without a properly structured plan, Tesla 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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