**Tesla Faces Critical Vote on Elon Musk’s $878 Billion Pay Package**
**LOS ANGELES, Nov 5 (Reuters)** – Tesla’s board of directors has placed its biggest bet on CEO Elon Musk, asking shareholders to back an unprecedented compensation package that could see Musk receive up to $878 billion in company stock. The pivotal vote will take place on Thursday, giving investors a stark choice: approve the massive pay deal or risk Musk’s departure, which could potentially send Tesla’s stock tumbling.
The board asserts that only Musk can deliver on ambitious promises to transform Tesla into an artificial intelligence powerhouse, rolling out millions of self-driving robotaxis and humanoid robots. If he meets all performance targets within a decade, Tesla’s market value could soar to $8.5 trillion, with Musk owning roughly 25% of its shares. Even if he achieves only some of the outlined goals, Musk stands to collect record-breaking payouts amounting to tens of billions of dollars.
Despite the eye-watering sums involved, many investors remain focused on the potential for massive returns. “If the stock is going to go up sixfold and that’s a requirement here, then I’m going to make a lot of money,” said Nancy Tengler, CEO and chief investment officer of Laffer Tengler Investments, a Tesla investor. “Why do I care what kind of money he makes if he’s effecting the change and the vision?”
However, some major shareholders and executive compensation experts are sounding alarms, warning of the risks associated with staking Tesla’s future on a single leader. They caution that such concentrated power and wealth could leave the company vulnerable.
The upcoming vote is being seen as a test of whether traditional corporate governance standards apply to Elon Musk, the world’s richest man, or if Tesla’s extraordinary ambitions justify extraordinary measures.
**Read more at [Reuters.com](https://www.reuters.com).**
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