Tesla board chair calls debate over Elon Musk’s $1T pay package ‘a little bit weird’

Tesla board chair Robyn Denholm defended the proposed 10-year, $1 trillion compensation package for CEO Elon Musk ahead of a shareholder vote in November. Denholm, who helped assemble the plan, emphasized that the package is designed to motivate Musk through extraordinary challenges tied to extraordinary compensation. She downplayed the focus on the dollar amount, suggesting Musk is more interested in the voting power that comes with the Tesla shares rather than the wealth itself. Denholm stressed that the compensation plan is forward-looking, based strictly on future performance goals, and Musk will receive nothing if those goals are not met. Despite the seemingly massive size of the package, she framed it as a necessary incentive aligned with Tesla’s ambitious future targets. The article also notes some skepticism about the feasibility of Musk’s past promises for Tesla, implying that the compensation plan is tied to achieving new milestones rather than past achievements.