Elon Musk could leave Tesla without $1 trillion pay package

Tesla's board chair is urging shareholders to approve Elon Musk's compensation package, warning he might leave if it's rejected. The vote is framed as essential to motivate Musk, especially regarding his vision for autonomous solutions and Tesla's future. Denholm argues losing Musk's time and vision would harm shareholder returns. Musk himself expressed concern about dedicating himself to projects like humanoid robots without sufficient control. He emphasized the need for influence via stock ownership to secure his vision. The proposed pay package could reach nearly $1 trillion if Musk meets ambitious performance goals. However, advisory firms and some investors oppose the package, citing its size and potential dilution of existing shares. They also express concerns about the board's oversight of Musk. Shareholders must vote by November 5, and preliminary results will be revealed on November 6. The outcome will significantly impact Tesla's leadership and future direction.