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Tesla Board Faces Critical Vote on Musk’s $1T Pay Package Amid CEO Succession Plans

Tesla Board Faces Critical Vote on Musk’s $1T Pay Package Amid CEO Succession Plans

Author:

Global Cryptocurrency

Published:

2025-10-29 10:36:02

20

3

BTCCSquare news:

Tesla's shareholder meeting on November 6th looms as a pivotal moment for the company's future. Board Chair Robyn Denholm has framed the vote on Elon Musk's performance-based $1 trillion compensation package as existential—warning that rejection could trigger his departure. The pay deal ties Musk's voting power to remaining CEO for at least 7.5 years while pursuing autonomous vehicle dominance.

The accelerated timeline gives shareholders just 10 days to digest Denholm's public plea, which positions the vote as a binary choice between securing Musk's leadership or risking corporate upheaval. Tesla's board simultaneously prepares contingency plans for an internal CEO succession, underscoring the high-stakes nature of the compensation decision.

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