Overview

• The board’s proposal is a 12‑tranche award that vests only if Tesla hits sweeping operational and valuation milestones, capped by an $8.5 trillion market value target.
• Denholm says Musk is back “front and center” at Tesla after ending his U.S. government advisory role and argues his outside ventures “actually help” the company.
• In an SEC proxy, directors said they sought assurances his political involvement would wind down, even as Denholm says his political activity is his choice.
• Denholm stresses the package pays nothing without delivery on goals and says Musk is focused on the voting influence tied to the shares rather than the headline dollar figure.
• Public pushback has mounted, with critics including Sen. Bernie Sanders and New Mexico’s state treasurer, while a shareholder vote is scheduled for November.