Elon Musk could leave Tesla without $1 trillion pay package
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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.
Robyn Denholm, chair of Tesla's board, said to ensure an 'orderly transition, the most likely would be internal'. However, Denholm has not ruled out the possibility of external candidates
During an investor-charming media tour, Tesla's chair Robyn Denholm announced that the Cybercab could be built with a steering wheel and pedals "if we have to"
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.
Musk previously said he doesn't want to "build a robot army here and then [be] ousted because of some asinine recommendations from ISS and Glass Lewis."
Tesla’s Cybercab isn’t scheduled to go into production until 2026, but when it does, it may end up stuck with a vestige of the automotive past: a steering wheel. To be sure, we still use steering wheels. But the Tesla Cybercab was meant to be the first vehicle of the new future, and there’s nothing futuristic about steering wheels.
Limiting the appeal of the Cybercab as an entry-level Tesla is the fact that it only has two doors and two seats
Tesla chair Robyn Denholm has stepped up her campaign to win shareholder support for Elon Musk’s $1tn pay package, warning there is no “Elon mark 2” if the carmaker’s board is forced to try to replace the chief executive.