Elon Musk has warned that he may step down as CEO of Tesla if shareholders vote against his proposed compensation plan valued at up to $878 billion in company stock. The outcome of the vote, expected later today, will determine whether Musk receives one of the largest pay packages in corporate history.
The plan ties Musk’s compensation entirely to Tesla’s long-term market capitalization and performance targets. Supporters argue it aligns his incentives with shareholder value creation, while critics say it is excessive and raises governance concerns.
A rejection of the proposal could unsettle investors and pressure Tesla’s stock price, as Musk’s leadership and vision have been central to the company’s growth and market valuation.
