Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package was not approved, Chair Robyn Denholm warned in a letter to shareholders on Monday, reports Reuters.
The appeal comes ahead of the November 6 annual meeting, with Tesla's board having faced repeated criticism for not acting in shareholders' best interests and governance experts and advocacy groups questioning its independence and oversight of Musk's influence.
The proposed performance-based plan was designed to retain and motivate Musk to continue leading Tesla for at least another seven-and-a-half years, Denholm said in the letter.
Musk could leave Tesla if $1 trillion pay plan is rejected, chair warns
FE Team | Published: October 28, 2025 00:05:51
Musk could leave Tesla if $1 trillion pay plan is rejected, chair warns
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