Key takeaways
- Tesla is preparing for a possible leadership change if Musk’s $1 trillion pay package is rejected.
- The board sees the vote as critical to maintaining Musk’s influence on Tesla’s AI and innovation roadmap.
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Tesla is evaluating internal candidates to succeed Elon Musk as CEO, as shareholders prepare to vote on its proposed $1 trillion compensation package, according to a Bloomberg report.
The electric car manufacturer’s emergency planning comes amid uncertainty over whether Musk will stay with the company depending on the outcome of the pay vote.
Tesla’s CEO has said publicly that the company faces the possibility of losing Musk as CEO if the $1 trillion pay package is not voted on, underscoring his role at a key moment for the advancement of artificial intelligence.
The upcoming shareholder meeting is framed by Tesla as a vote not just on compensation but on ensuring Musk retains influence over the company’s future direction in emerging technologies.
