Tesla Chair Robyn Denholm on xAi investment: We will let shareholders voice their views

Executive Compensation & Governance - Tesla's board is seeking shareholder approval for a new long-term incentive package for Elon Musk, contingent on ambitious performance goals to motivate and retain him as CEO [1] - The incentive package is a pay-for-performance deal, meaning Musk only gets paid if it works and he holds the stock for 75 years [6] - The potential value of the deal for Elon Musk could reach $1 trillion if the performance goals are met [5] Potential Investment in X AI - Tesla is putting a shareholder proposal on the ballot regarding a potential investment in Musk's X AI [2] - The board will consider the shareholder vote (positive or negative) in its deliberations about investing in X AI [3] - Any potential investment in X AI would be subject to a robust related party transaction process and policy at the board level [4] - The board will allow shareholders to voice their position on whether Tesla should take an interest or invest in X AI [5] Shareholder Influence - The board will consider the shareholder vote on the X AI investment, with an overwhelming "yes" vote likely increasing the likelihood of investment, while a "no" vote could make it difficult due to related party concerns [7]