News
Tesla Could Soon Be Without Elon Musk As CEO
Tesla could soon be without Elon Musk if shareholders do not agree to a large payout to Musk. The chairwoman of the Board of Directors, Robyn Denholm, warns about this.
Tesla CEO and founder Elon Musk does not receive a salary for his work for Tesla but is paid an amount every so often that is determined based on Tesla’s results. As a result, he is now waiting for an amount of no less than 51.5 billion euros. Previously, he was also legally entitled to this, but a judge ruled earlier this year that, from now on, shareholders must approve Musk’s payout. Robyn Denholm is now warning those shareholders that they better do that.
According to the Australian Drive, Denholm writes in an open letter to shareholders that a lot is at stake. Musk could just leave, she suggests. According to her, it is therefore ‘more important than ever’ for shareholders to adhere to the payment agreement made with Musk. According to Denholm, Musk has “no shortage of ideas and other places where he can make a big difference in the world.”
-
News6 days agoFor The First Time, Mercedes Is Using A Chinese Engine In A Vehicle Intended For The European Market
-
News6 days agoNissan Finally Discontinuing The Altima Sedan And Says Why
-
Car Facts1 week agoWhat Are The Most Reliable Electric Vehicles?
-
News7 days agoVolvo Cars Has Abandoned Its 2026 Growth Objective Because Of Declining Sales In The Chinese Market
-
News5 days agoThe New Lexus LFA To Be Fitted With Toyota’s Solid-State Batteries
-
News1 week agoIn The First Half Of 2026, Stellantis Saw A 3.8% Rise In EU Car Sales
-
News1 week agoIn America, Toyota’s EV Sales Have Surged By 136%
-
News6 days agoUS Fan Customizes His $5 Million Bugatti Chiron Pur Sport To Honor Messi And Argentina