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Denholm said the $1 trillion package is designed to retain and motivate Musk for at least another seven years.
Once again, Tesla chair Robyn Denholm pleaded with shareholders to approve CEO Elon Musk's unprecedented compensation package, one that could cost the company $1 trillion, with the threat of Musk leaving the company.
4don MSN
Elon Musk said he needs $1 trillion to stop ‘corporate terrorists’ from wresting control of Tesla
Elon Musk says he needs to build his stake in Tesla so much that he could become the world’s first trillionaire. But this week he said his aim wasn’t to increase his planet-leading wealth. Instead, Musk said the biggest pay package in history was necessary to protect his company.
In a Tesla earnings call Wednesday, the world’s richest man pondered the future of his company’s Optimus robots—and his control over them.
The move comes after Myanmar’s military shut down a major cybercrime operation along the Thai border, seizing dozens of Starlink devices.
Despite relocating several of his companies' HQs to Texas, the billionaire is adding large Bay Area offices for xAI and Neuralink, and hiring there in droves for Tesla and SpaceX.
5don MSN
Elon Musk got feisty about his $1 trillion pay package in the final minutes of Tesla's earnings call
Elon Musk defended his $1 trillion pay package at the end of Tesla's earnings call, calling proxy firms "corporate terrorists" for opposing it.
Elon Musk's estranged daughter Vivian Wilson—who came out as transgender at age 16—playfully clapped back at someone asking to hear her "real voice."