Overview

• Robyn Denholm said the proposal centers on consolidating Musk’s voting influence for Tesla’s next phase rather than the headline dollar figure.
• The 10-year plan spans 12 tranches that vest only if aggressive targets are met, including an $8.5 trillion market value plus robotaxi, humanoid robot, vehicle volume and FSD subscription goals.
• Denholm reiterated that Musk would receive no payout without meeting the goals and said he is back “front and center” at the company.
• She rejected claims that Musk’s political activity has hurt sales, even as Tesla’s proxy says the board sought assurances his political involvement would wind down.
• Criticism from politicians and some investors continues ahead of a November shareholder vote, while Tesla shares jumped after Nevada authorized public-road robotaxi testing.