STORY: Elon Musk might go away Tesla as CEO if his proposed $1 trillion pay package deal is not authorized.That was the phrase Monday (October 27) from the Chairman of Tesla’s board of administrators, Robyn Denholm.The attraction comes forward of the automaker’s annual assembly in early November.Denholm stated in a letter the proposed plan was performance-based.And that it aimed to encourage Musk to proceed main Tesla for no less than one other seven-and-a-half years.She stated Musk’s management was “vital” to Tesla’s success.Denholm added Musk’s position was important as Tesla appears to change into a worldwide chief in AI and autonomous driving know-how.The proposed package deal would grant Musk 12 tranches of inventory choices tied to formidable targets.It features a market capitalization of $8.5 trillion and milestones in autonomous driving and robotics.Denholm’s letter portrays the package deal as essential to align Musk’s incentives with shareholder worth and long-term progress.Tesla’s board has confronted repeated criticism for not appearing in shareholders’ greatest pursuits.Tesla’s board has been beneath scrutiny for years over its shut relationship with Musk.A Delaware court docket struck down his 2018 pay deal earlier this 12 months.It discovered it was improperly awarded and negotiated by administrators who weren’t absolutely unbiased.