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International Business Times
International Business Times
Business

Tesla Risks Losing Elon Musk as CEO Without $1 Trillion Compensation Plan, Chair Says

Tesla CEO Elon Musk gets back into his Tesla after talking to media before visiting the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin.

Tesla CEO Elon Musk's future at the company could be in jeopardy if shareholders do not approve his proposed $1 trillion compensation plan, the automaker's board chair, Robyn Denholm, warned in a letter to investors.

The letter comes ahead of Tesla's annual meeting on November 6, where the vote will take place.

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