Tesla's board is urging shareholders to approve Elon Musk's $1 trillion pay package, warning that rejecting it could lead to his departure and a significant decline in the company's value. This strategy echoes last year's campaign for a $55 billion compensation package, which shareholders ultimately approved despite criticism from proxy firms about the excessive amount and Musk's influence over the board. With the shareholder vote approaching, the board appears confident in securing approval again.

Tesla Board Chair Robyn Denholm urged shareholders to support CEO Elon Musk's nearly $1 trillion pay package, emphasizing his importance to the company's future in artificial intelligence and electric vehicle innovation. Despite opposition from key proxy advisors and public groups, Denholm warned that losing Musk could significantly devalue Tesla. The vote on Musk's pay plan is set for November 6.