Tesla's Long-Term Vision & Leadership - Tesla's board views retaining Elon Musk as crucial for achieving the company's long-term goals [1] - The company believes AI and autonomous technology are transformative and central to its future, including vehicles and robotics [2][3] - Tesla considers Elon Musk a generational leader uniquely capable of leading the company through this transformative period [3][4] CEO Compensation & Motivation - The compensation package for Elon Musk is designed to incentivize and motivate him to deliver against ambitious goals [4] - The board engaged in extensive discussions with Elon Musk to understand his motivations and vision for the company [6] - Elon Musk's motivations are centered on achieving what Tesla can do that no other company can [7] - The compensation package is structured as zero compensation unless ambitious goals for the company are met [7]
Musk Is the Right Leader for Tesla, Chair Robyn Denholm Says