Future Of Elon Musk & Tesla On The Line This Week

June 12, 2024 5:15 am

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.