Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package

Published June 12, 2024 1:55 PM

By TOM KRISHER
AP Auto Writer

DETROIT (AP) — If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies. If they approve the all-stock compensation that was thrown out by a Delaware judge this year, that would likely keep him at the company so he can shift to AI and robotics, which Musk says is Tesla’s future. But even with reapproval at the annual shareholders’ meeting there would be uncertainty. Musk has threatened on X, his social media platform, to develop AI elsewhere if he doesn’t get a 25% stake in Tesla.

Article Topic Follows: AP National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.