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Tesla's Musk Faces Possible Resignation Over Pay Package Vote

10/29/2025

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Musk's Pay Controversy

Tesla's board warns Elon Musk, CEO of Tesla, may resign if shareholders do not approve $1 trillion pay package at November 6 meeting.
The plan has drawn opposition from proxy firms and Democratic leaders who say it consolidates Musk's power.
Republican-led pension funds are among supporters, viewing the package as a challenge to grow Tesla's value.
Tesla is adapting the Cybercab model to include traditional controls to meet regulatory standards.

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Musk Navigates Regulations

Tesla's Cybercab, planned for 2026, may include a steering wheel to meet regulations.
Robyn Denholm, Tesla's board chair, said traditional controls may be necessary for compliance.
This shift could delay Tesla's autonomous-vehicle plans because regulatory exemptions are hard to obtain, as General Motors' Cruise Origin shows.
U.S. Department of Transportation aims to speed exemption reviews, but tensions between Elon Musk, Tesla's CEO, and interim NASA administrator Sean Duffy complicate progress.

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Musk's Pay Controversy

Tesla's board warns Elon Musk, CEO of Tesla, may resign if shareholders do not approve $1 trillion pay package at November 6 meeting.
The plan has drawn opposition from proxy firms and Democratic leaders who say it consolidates Musk's power.
Republican-led pension funds are among supporters, viewing the package as a challenge to grow Tesla's value.
Tesla is adapting the Cybercab model to include traditional controls to meet regulatory standards.

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