Connect with us


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.”

Tesla CEO Elon Musk Says He'll Pay $11bn In Tax This Year - Nearly Dangote Worth - autojoshElon Musk Says Tesla Needs 10,000 Employees In Texas Through 2022 - autojosh is an authoritative car blog in Nigeria. Its objective is to get Nigerians and a wider audience to be more informed about automobiles, the automotive sector and transport infrastructure. Over the years, we have been instrumental in creating immeasurable public awareness about automobiles and their maintenance, safety and traffic laws, amongst others. ...Your mobility, our priority. EH