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Tesla Leadership Changes Post-Compensation Vote
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Resolution / Starting Odds
Musk continues as CEO • 25%
Musk steps down as CEO • 25%
Musk takes a new role • 25%
No change in leadership roles • 25%
Official announcements from Tesla or major business news outlets
Story
Tesla Faces 'Mount Everest' Challenge in Shareholder Vote on Musk's $56 Billion Pay Deal
May 17, 2024, 07:11 PM
Tesla's top retail investor, Billionaire Leo Koguan, voted against restoring CEO Elon Musk's $50 billion compensation package. The compensation package, which was signed in 2018, offered Musk zero base compensation but up to $55 billion if he could increase Tesla's market value from $60 billion to $650 billion. The upcoming shareholder vote on Musk's $56 billion pay deal has been described as a 'Mount Everest' challenge by Tesla Chair Robyn Denholm. The debate over Musk's pay package has led to tensions, including the potential firing of a law firm over objections from corporate governance expert Charles Elson.
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Elon Musk steps down as CEO • 25%
Board members step down • 25%
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Elon Musk steps down • 25%
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Remains as CEO • 33%
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Major reshuffle in senior management • 33%
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Remains CEO • 33%
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CEO resigns • 33%
Other senior executives resign • 33%
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