Chair Warns Musk May Quit Tesla if $1T Pay Plan Fails

Is Elon Musk about to leave Tesla? Tesla Chair warns shareholders that Musk could exit if his $1 trillion pay package isn't approved at the upcoming annual meeting. The board argues the massive payout is crucial to retain Musk's leadership and vision for the next 7.5 years, especially as Tesla pushes into AI and self-driving tech. But critics question the board's independence and whether the deal truly benefits all shareholders, especially after a court rejected Musk's previous pay arrangement. The November 6th meeting is a showdown over corporate oversight, Musk's influence, and Tesla's future. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.