Tesla considers internal CEO candidates amid potential Musk departure

The board is preparing succession plans as shareholders decide whether to approve Elon Musk’s record $1 trillion compensation package.

Photo: Al Drago

Key Takeaways

• Tesla is preparing for possible leadership change if Musk’s $1 trillion pay package is rejected.
• The board sees the vote as crucial for maintaining Musk’s influence over Tesla’s AI and innovation roadmap.

<?xml encoding="UTF-8">

Tesla is evaluating internal candidates to potentially succeed Elon Musk as CEO as shareholders prepare to vote on his proposed $1 trillion compensation package, according to a Bloomberg report.

The electric vehicle manufacturer’s contingency planning comes amid uncertainty over whether Musk will remain with the company depending on the pay vote outcome.

Tesla’s board chair has publicly stated that the company faces the possibility of losing Musk as CEO if the $1 trillion pay package vote does not pass, underscoring his role at a key moment for AI advancements.

The upcoming shareholder meeting is framed by Tesla as a vote not just on compensation but on ensuring Musk retains influence over the company’s future direction in emerging technologies.

Disclaimer