Tesla Chair Warns EV Maker Could Lose Elon Musk If $1 Trillion Pay Package Is Not Approved

• Tesla Chair Robyn Denholm stated that the EV maker is at a critical inflection point as it focuses on Full Self Driving (FSD) and Optimus.
• She added that Musk’s vision has been essential in delivering “extraordinary shareholder returns.”

Tesla Inc. (TSLA) Chair Robyn Denholm warned on Monday that the EV giant could lose CEO Elon Musk if the $1 trillion pay package is not approved.

In a letter to shareholders, the Tesla board chair said that Musk was key to the company’s future, ahead of the company’s annual meeting scheduled for Nov. 6, 2025.

“Without Elon, Tesla could lose significant value, as our company may no longer be valued for what we aim to become,” Denholm wrote, according to the report.

Tesla shares were up more than 1% in Monday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘bullish’ territory at the time of writing.

“Without Elon, Tesla could lose significant value, as our company may no longer be valued for what we aim to become.”

— Robyn Denholm, Chair, Tesla

Tesla shares were up more than 2% in Monday’s opening trade. Retail sentiment on Stocktwits around the company trended in the ‘bullish’ territory at the time of writing.

Denholm Urges Shareholders To Vote

Urging the company’s shareholders to “vote with Tesla on ALL proposals,” Denholm stated that the EV maker is at a critical inflection point as it focuses on Full Self-Driving (FSD) and Optimus. Denholm also said that she engaged with Kathleen Wilson-Thompson, another Tesla board member, to design Musk’s pay package.

“The bottom line is simple: Elon is rewarded only if and when he delivers extraordinary performance that benefits all Tesla shareholders,” she said. Dunholm added that Musk’s $1 trillion pay package is contingent on his commitment to lead the company for at least another 7.5 years.

Risk Of Losing Musk

The Tesla chair also stated that she did not believe losing Musk would be the future that the company’s shareholders deserve. She added that Musk’s vision has been essential in delivering “extraordinary shareholder returns.”

“If you want Tesla to have a shot at becoming the world’s most valuable company—then you should vote “FOR” Proposals One, Three and Four,” Dunholm said.

The letter comes at a time when proxy advisory firm Institutional Shareholder Services has publicly opposed Musk’s $1 trillion pay package. At the same time, a group of unions and corporate watchdogs launched a website called Take Back Tesla to urge shareholders to vote against the package.

TSLA stock is up 10% year-to-date and 65% in the past 12 months.

Also See: Dow Futures Rise As China Trade Tensions Ease: NVDA, MP, BA, RNA Among Stocks To Watch

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