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Elon Musk's $1 Trillion Pay Package Is 'A Little Bit Weird' To Compare Monetarily, Says Tesla Board Chair: It's About 'Voting Influence' - BYD (OTC:BYDDF), BYD (OTC:BYDDY)
Benzingaยท 2025-09-13 02:48
Group 1 - Tesla's Board Chair Robyn Denholm defended CEO Elon Musk's $1 trillion compensation package, emphasizing its role in motivating unique performance despite declining sales and profits [1][2] - The compensation package is tied to ambitious performance targets, including deploying one million autonomous taxis and robots, and increasing Tesla's market value to $8.5 trillion [2][3] - Denholm highlighted that the focus should be on Musk's voting influence for future growth rather than the monetary aspect of the compensation [3] Group 2 - Tesla faces significant performance challenges, needing to increase profits by 24 times and maintain annual vehicle sales of 1.2 million until 2035, while currently lagging behind competitors like BYD and Geely [3] - Political opposition to Musk's compensation has emerged, with figures like Senator Bernie Sanders and New Mexico State Treasurer Laura Montoya criticizing the package as excessive [4] - Despite concerns over board independence, Denholm asserted that the special committee overseeing the compensation included independent members, and Morgan Stanley analyst Adam Jonas viewed the deal favorably for Tesla shareholders [5] Group 3 - Tesla's stock closed at $395.94, reflecting a 7.36% increase for the day, with strong momentum and growth scores indicating a positive price trend [6]