Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
- Elon Musk's $44.9 billion pay package at Tesla is up for a shareholder vote; rejection might lead him to shift AI research elsewhere or leave the company.
- Approval of the compensation package would ensure Musk's continued presence at Tesla and focus on AI and autonomous vehicles.
- Musk's threat to move AI development if his Tesla stake doesn't increase is based on recent funding received for xAI.
29 Articles
29 Articles
Musk says Tesla shareholder vote for US$56bil pay package passing by wide margins
TESLA shareholder resolutions on Chief Executive Elon Musk's pay package and its move to shift legal headquarters to Texas are currently passing by wide margins, Musk said in a post on social media platform X on Wednesday.
Future of Elon Musk and Tesla on the line this week
DETROIT — If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies. Or he could even walk away. If they approve the all-stock compensation package that was thrown out by a Delaware judge in January, it would almost guarantee he would remain at the company he grew to be the world leader in electric vehicles.…
CalPERS becomes latest Tesla shareholder to vote against Musk’s pay package
(Reuters) – The California Public Employees’ Retirement System (CalPERS) is set to vote against Tesla CEO Elon Musk’s $56 billion compensation package, the largest U.S. pension fund’s CEO said on Wednesday. (Reporting by Akash Sriram in Bengaluru and Juby Babu in Mexico City; Editing by Devika Syamnath)
Tesla shareholders will vote on Musk package
DETROIT — If Tesla shareholders vote against restoring Elon Musk's $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies. Or he even could walk away.
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