Tesla chairman urges shareholders to support Musk's trillion-dollar pay plan
Tesla (TSLA.O) Chairman Robin Denholm called on shareholders in a letter on Monday to vote in favor of CEO Musk's nearly $1 trillion compensation plan before the annual shareholder meeting. "If we fail to create an environment that incentivizes Elon to achieve great achievements through a fair performance compensation plan, we face the risk of him resigning from executive positions, and Tesla may lose his time, talent, and vision, all of which are crucial to providing outstanding shareholder returns," Denholm said. As Tesla is committed to surpassing the designation of "just a car company" and focusing on fully autonomous driving and humanoid robot Optimus, Musk's role in the company's future is crucial. Tesla's annual shareholder meeting is scheduled to take place on November 6th, Eastern Time, with shareholder voting ending at 11:59 pm on November 5th.
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