'Tesla Is Musk, Musk Is Tesla.' Former Ford CEO Warns Of Significant Talent Drain If The CEO Leaves.

Benzinga
Benzinga
  • 16 days ago
Tesla shareholders will vote on Elon Musk's $44.9 billion pay package, invalidated by a Delaware judge earlier this year. The vote could impact whether Musk remains CEO of Tesla. Analyst Dan Ives emphasized that "Tesla is Musk, and Musk is Tesla." Former Ford CEO Mark Fields warned of a "significant talent drain" if Musk leaves Tesla. Musk has hinted he may leave Tesla and focus his artificial intelligence work elsewhere if shareholders do not approve the pay package. The outcome is uncertain as shareholders are divided on the issue. Analyst Toni Sacconaghi predicts a potential 5% drop in Tesla's stock if the package is voted down.
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