Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, on March 22, 2022. Patrick Pleul/Pool via Reuters
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Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package was not approved, Chair Robyn Denholm warned in a letter to shareholders on Monday.
The appeal comes ahead of the November 6 annual meeting, with Tesla’s board having faced repeated criticism for not acting in shareholders’ best interests and governance experts and advocacy groups questioning its independence and oversight of Musk’s influence.
