Tesla rehashing old threats to get shareholders to approve Musk’s $1 trillion pay day

Tesla’s board of directors issued a stark warning to shareholders today: approve Elon Musk’s unprecedented $1 trillion pay package or risk losing him as CEO. It’s a familiar threat, one that the board has used before, and if history offers any clues, it’s likely to work again.

Tesla’s executive team is in full lobbying mode in the run-up to the November 6th annual shareholder meeting, urging shareholders to approve their proposal to make Musk, already one of the world’s richest people, even more unfathomably wealthy.