Elon Musk is stepping into the role of chief negotiator at Tesla, demanding an astonishing compensation package of nearly a trillion dollars in exchange for his continued presence at the company. If his demands are not met, his departure could play out dramatically, echoing the narrative of a poorly scripted drama, with significant implications for Tesla's stability.
Robin Denholm, chair of Tesla’s board, has already voiced her concerns, stating that without Musk, Tesla risks becoming just another car manufacturer and losing its legendary status built on lofty ambitions and a futuristic vision. She has thus urged shareholders to resoundingly approve this trillion-dollar deal.
According to the proposed plan, Musk would forgo a traditional salary and bonuses. Instead, he would gradually receive stock as Tesla achieves ambitious goals, such as reaching a market capitalization of $8.5 trillion and producing millions of vehicles, among other futuristic goals.
Consulting firms have expressed skepticism and advised shareholders to vote against the proposal, labeling it as an “astronomical amount” and a “dangerous precedent.” Musk, however, counters by branding these critics as “corporate terrorists.” For him, control over his Optimus robot army holds more weight than mere financial compensation.
The vote is scheduled for November 5, and the world will tune in for the latest installment of the drama titled “Musk and his Tesla: the trillion-dollar finale.”
