infobuxx@allsites.zendesk.com

Logo

Header Banner

Tesla's chair warns shareholders: Give Elon Musk his $1 trillion pay package, or lose him

Tesla's chair warns shareholders: Give Elon Musk his $1 trillion pay package, or lose him
By: Business Posted On: October 27, 2025 View:

Elon Musk speaks during the unveiling of the Tesla Model Y
Tesla CEO Elon Musk. Jae C. Hong/AP
  • Tesla chair Robyn Denholm has asked shareholders to approve Elon Musk's $1 trillion pay package.
  • Denhold warned in a letter that Musk could leave if he doesn't get the package.
  • Shareholders will vote next month on the proposal.

Tesla's board is warning shareholders they risk losing Elon Musk as CEO if they don't pass his $1 trillion pay package.

In a letter to shareholders sent on Monday, Tesla chair Robyn Denholm said that Musk could unlock the EV giant's "full potential," adding that failing to pass the compensation package could lead to Musk stepping away and Tesla losing "significant value."

"The fundamental question for shareholders at this year's Annual Meeting is simple: Do you want to retain Elon as Tesla's CEO and motivate him to drive 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.

Read this on Business



Header Banner



Note: There may be some affiliate / associate links throughout the pages of this site. By buying through the links we may receive a commission for the sale. This has no effect on the price you pay.
  Categories
Header Banner
Header Banner
Header Banner
Header Banner
  Latest News
  Popular News
  Contact Us
  • We would love to hear from you
  • infobuxx@allsites.zendesk.com
  Follow Us
Site Map
Get Site Map
  About

Infobuxx: Your go-to source for the latest in entertainment, health, business, politics, sports, movies, economics, and trending news. Stay informed and entertained with updates that matter!