Tesla Board Backs Musk’s Billionaire Compensation Package Ahead of Shareholder Vote

Ahead of a shareholder meeting on November 6th, Tesla’s board has urged investors to support Elon Musk’s unprecedented $1 trillion compensation package. In a letter sent by Robyn Denholm, Tesla’s board chair, she emphasized the need for a performance-based incentive plan that fosters continued motivation for CEO Musk. Denholm warned that failing to do so could lead to Musk stepping down from his role, jeopardizing Tesla’s future progress and potentially hindering the company’s ability to deliver substantial shareholder value.