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International Business Times UK
International Business Times UK
Martin Toledo

Elon Musk Faces Tesla Revolt: Furious Shareholders Slam His $1 Trillion Power Grab

Elon Musk's xAI sues OpenAI (Credit: AFP News)

Elon Musk is facing mounting backlash as proxy advisers and major investors urge Tesla shareholders to reject his proposed $1 trillion (£744 billion) compensation plan, warning the package threatens corporate oversight and could entrench his control.

The dispute has erupted ahead of the company's annual meeting on 6 November in the US, after Institutional Shareholder Services (ISS) and other bodies issued negative guidance.

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