Elon Musk may leave Tesla
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Here are the key Tesla shareholders backing Elon Musk's $1 trillion pay package — and who's against
Tesla shareholders have the power to potentially make Elon Musk the world's first trillionaire. Here's how some of them plan to vote.
Tesla Board Chair Robyn Denholm gave a stark warning only days before a key shareholder vote: Elon Musk might leave the firm if investors don’t support his new $1 trillion compensation plan.
Denholm said the $1 trillion package is designed to retain and motivate Musk for at least another seven years.
Robyn Denholm said in a letter to shareholders that Musk stepping away could lead to Tesla losing "significant value."
Elon Musk may need a few extra dollars in his pockets as he's hinted at stepping down from the company if his $1trillion plan falls through.
Once again, Tesla chair Robyn Denholm pleaded with shareholders to approve CEO Elon Musk's unprecedented compensation package, one that could cost the company $1 trillion, with the threat of Musk leaving the company.
To some extent, arguments about Musk's pay have divided along political lines. Democrats DiNapoli, Lander, Massachusetts Treasurer Deb Goldberg and others have come out swinging against the compensation while pension plans in Florida and Texas, which are run by Republicans, have said they will support the plan.
Tesla is apparently open to making changes to the Cybercab to sell them in high volumes, but it's not clear if Elon Musk is on board.