Tesla(US:TSLA) Benzinga·2025-10-28 07:53Core Points - Tesla's Chair Robyn Denholm warned that CEO Elon Musk may resign if the board does not approve his proposed $1 trillion pay package [1][4] - The proposed compensation plan is performance-linked and aims to retain Musk as CEO for at least another seven and a half years, emphasizing his critical role in Tesla's future [3][4] - The pay package includes ambitious targets such as achieving an $8.5 trillion market cap and delivering 20 million vehicles over the next decade [5] Summary by Sections Leadership and Compensation - Denholm highlighted the importance of Musk's leadership for Tesla's success and the potential risks of not having an adequate incentive plan [4] - The proposed pay package is designed to motivate Musk to achieve significant milestones for the company [3][4] Shareholder Reactions - Denholm criticized proxy advisory firms for opposing Musk's compensation plan, calling their recommendations "misguided" [7] - The Florida Retirement System's State Board of Administration expressed support for Musk's pay package, describing it as a "bold, performance-driven incentive structure" [7] Legal and Governance Issues - The board's relationship with Musk has faced scrutiny, particularly after a Delaware court voided his 2018 pay deal due to lack of independent approval [6]