Tesla Chairman Calls on Shareholders to Support Musk's Trillion-Dollar Compensation Plan

Jinse Finance reported that Tesla (TSLA.O) Chairwoman Robyn Denholm called on shareholders in a letter on Monday to vote in favor of CEO Elon Musk's nearly $1 trillion compensation package ahead of the annual shareholders' meeting. "If we fail to create an environment that motivates Elon to achieve great things through a fair performance-based compensation plan, we risk him stepping down from his executive role. Tesla could lose his time, talent, and vision, all of which are crucial for delivering outstanding shareholder returns," Denholm stated. As Tesla is striving to go beyond being "just a car company" and is focusing on full self-driving and the humanoid robot Optimus, Musk is vital to the company's future. Tesla's annual shareholders' meeting is scheduled for November 6 Eastern Time, with shareholder voting ending at 11:59 PM on November 5.