Elon Musk’s future at Tesla in balance as shareholders consider $1 trillion pay package

Tesla shareholders are voting on a proposed $1 trillion pay package for CEO Elon Musk, which is tied to ambitious performance benchmarks including valuation and vehicle and robot production. The outcome of this vote, scheduled for Tesla's annual meeting, could determine Musk's future at the company, as he and Tesla's chairwoman have warned he might leave if the package is rejected. Critics, including major proxy advisory firms ISS and Glass Lewis, along with Pope Leo XIV, argue the pay package is excessive. Norway's sovereign wealth fund, a significant Tesla stakeholder, also announced its opposition, citing concerns about the award's size, dilution, and key person risk. Musk has framed the vote as critical for Tesla's future, particularly concerning its artificial intelligence initiatives, including robots and full self-driving technology. He argues that the stock grants, which could give him nearly 29% of voting shares if all targets are met, are necessary for him to effectively guide these future plans. This proposal comes aft... download the app to read more