Shareholders will vote Thursday on the stark choice presented by the board: pay Musk up to $878 billion in company stock or take the risk he will leave – potentially driving down the company’s stock. And board chair Robyn Denholm has repeatedly emphasized the risk of losing Musk in selling shareholders on his compensation. Musk did not vote his shares in previous pay packages, when Tesla was incorporated in Delaware. Tesla has appealed, and agreed to give Musk stock currently worth $40 billion as a "first step" toward honoring the 2018 package. The bigger threat to Tesla’s board comes from Musk himself – the threat to leave the company.

Source: bd News24 November 06, 2025 04:25 UTC