Important points
- Tesla is preparing for a possible leadership change if Musk’s $1 trillion pay package is rejected.
- The board views this vote as critical to maintaining Mr. Musk’s influence over Tesla’s AI and innovation roadmap.
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Tesla is evaluating internal candidates to replace Elon Musk as CEO as shareholders prepare to vote on his $1 trillion compensation proposal, Bloomberg reports.
The electric car maker’s contingency plans are being made amid uncertainty about whether Musk will remain with the company depending on the outcome of the pay vote.
Tesla’s chairman of the board has publicly stated that the company faces the possibility of losing Musk as CEO unless a vote on a $1 trillion pay package passes, highlighting Musk’s role at a critical moment in AI advancement.
Tesla is framing its upcoming shareholder meeting as a vote not only on compensation but also on ensuring that Mr. Musk retains influence over the company’s future direction in emerging technologies.
