Overview

• Robyn Denholm dismissed claims that Elon Musk’s political activity has hurt Tesla sales and said his political engagement is a personal matter.
• She said Musk is now “front and center” at Tesla after winding down his stint as a U.S. government adviser earlier this year.
• Tesla’s proposed compensation ties 12 tranches to ambitious milestones, including up to a $8.5 trillion valuation, 20 million vehicles, 10 million FSD subscriptions, and about 1 million robots and robotaxis.
• Directors previously sought assurances that Musk’s political involvement would wind down, reflecting governance concerns that persist among some investors and analysts.
• Tesla reported approval to begin Robotaxi testing on public roads in Nevada, and the stock rose about 6% following the news.