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Oct 28, 2025 4:00 AM

Give Elon Musk $1 Trillion Pay Package Or Lose Him, Tesla Chair Warns Shareholders

Tesla Inc. (NASDAQ:TSLA) Chair Robyn Denholm has cautioned that CEO Elon Musk might step down if the board rejects his proposed $1 trillion pay package.

Musk’s Incentives Tied To Shareholder Values

Denholm, in a letter to shareholders on Monday, stressed the significance of Musk’s leadership and the potential consequences of not approving the proposed pay plan. The letter was issued just days before Tesla’s annual meeting on Nov. 6.

With Tesla's Annual Meeting fast approaching on November 6, Board Chair, Robyn Denholm, sent a letter to shareholders on the critical nature of this vote.The fundamental question for shareholders at this year's Annual Meeting is simple: Do you want to retain Elon as Tesla's…

— Tesla (@Tesla) October 27, 2025

The performance-linked compensation plan is designed to keep Musk in the role of Tesla CEO for at least another seven and a half years. Denholm emphasized that Musk's leadership is vital to Tesla's ...