Tesla's board has formed a special committee consisting of Chair Robyn Denholm and director Kathleen Wilson-Thompson to review Elon Musk's compensation. This decision comes as the company transitions towards becoming a leader in AI and robotics, exploring new performance-based stock options linked to specific company targets. Musk's previous $56 billion pay package, currently under appeal, is being contested due to alleged legal errors in its original ruling. The committee's efforts seek to ensure alignment between Musk's compensation and Tesla's transformative goals as it evolves from a traditional automaker.
The special committee, established to reassess Elon Musk's pay package, may propose a new performance-based stock options plan tied to financial and operational targets.
Tesla is shifting its focus to becoming an AI and robotics leader, prompting a re-evaluation of Musk's compensation to align with the company's evolving priorities.
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