Tesla board chair calls debate over Elon Musk’s $1T pay package ‘a little bit weird’

Tesla's board chair, Robyn Denholm, has defended the company's proposed $1 trillion compensation package for CEO Elon Musk, calling the debate around it "a little bit weird." The package is designed to incentivize Musk to meet ambitious performance goals, including increasing Tesla's market value to $650 billion. Denholm argues that the package is necessary to retain Musk's leadership, which has been crucial to Tesla's success. Critics, however, have raised concerns about the size of the package, which they believe is excessive and could set a dangerous precedent for executive compensation. Denholm maintains that the package is structured to ensure that Musk is only compensated if he delivers significant value to Tesla and its shareholders. She also points out that the package has been approved by a majority of Tesla's shareholders. The debate over Musk's compensation package highlights the ongoing tension between the need to retain top talent and concerns about excessive executive pay.