2025-10-27T12:50:57Z
- Tesla Chairman Robyn Denholm has asked shareholders to approve Elon Musk’s $1 trillion pay plan.
- Denhold warned in a letter that Musk could leave if he did not receive the package.
- Shareholders will vote on the proposal next month.
Tesla’s board is warning shareholders they risk losing Elon Musk as CEO if they don’t adopt its $1 trillion pay package.
In a letter to shareholders sent Monday, Tesla Chairman Robyn Denholm said Musk could unlock the electric vehicle giant’s “full potential,” adding that failure to adopt the compensation program could lead to Musk stepping down and Tesla losing “significant value.”
“The fundamental question posed to shareholders at this year’s Annual Meeting is simple: Do you want to retain Elon as CEO of Tesla and motivate him to lead Tesla to become the leading provider of autonomous solutions and the most valuable company in the world?” » wrote Denholm.
This is a developing story. Check back soon for updates.
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