Tesla Board Urges Support for Musk's Compensation Plan Ahead of Shareholder Meeting

According to PANews, Tesla's Board Chair, Robyn Denholm, has urged shareholders to vote in favor of CEO Elon Musk's nearly $1 trillion compensation package ahead of the annual shareholder meeting. In a letter sent on Monday, Denholm emphasized the importance of creating an environment that motivates Musk through a fair performance-based compensation plan. She warned that failing to do so could risk Musk stepping down from his executive role, which would mean losing his time, talent, and vision—elements crucial for delivering exceptional shareholder returns. Denholm highlighted Tesla's strategic shift beyond being just an automotive company, focusing on full self-driving technology and the humanoid robot, Optimus. She stressed Musk's vital role in the company's future as it pursues these innovative endeavors. The annual shareholder meeting is scheduled for November 6, Eastern Time, with the voting deadline set for November 5 at 11:59 PM.