"Tesla could be forced to look for a new CEO in the coming months, as a crucial November 6 Shareholder Meeting vote will determine whether Elon Musk will stick around. A major vote is coming up at the 2025 Tesla Shareholder Meeting, as investors will determine whether Musk should be given a new compensation plan that would award him up to $1 trillion and more than one-fourth of the total voting power within the company."
""My fundamental concern with regard to how much voting control I have at Tesla is if I go ahead and build this enormous robot army, can I just be ousted at some point in the future? That's my biggest concern," Musk said at last week's Earnings Call. "That's what it comes down to in a nutshell. I don't feel comfortable wielding that robot army if I don't have at least a strong influence.""
"Denholm told Bloomberg yesterday that Tesla investors need to be prepared for Musk to abandon ship if the package is not approved, which brings on a new question: Who would take over the CEO role? That is a question Denholm also answered yesterday, bringing forth the conclusion that Tesla would not look for an outside hire if Musk were to leave the company. Instead, it would promote someone internally."
A November 6, 2025 shareholder vote will decide whether Elon Musk receives a proposed compensation plan that could award him up to $1 trillion and more than one-fourth of Tesla's voting power. Approval would implement the package; rejection would likely prompt Musk to leave the company. Musk expressed concern about retaining influence if he builds a large robot workforce and being vulnerable to ouster without stronger voting control. Tesla Board Chair Robyn Denholm warned investors to be prepared for Musk to abandon ship if the package fails. Denholm said Tesla would promote an internal candidate to CEO rather than seek an outside hire.
Read at TESLARATI
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