Tesla Chair Warns Elon Musk May Exit If Pay Plan Fails

Tesla Chairman Robyn Denholm has warned shareholders that CEO Elon Musk might resign if his $1 trillion, 10-year performance-based compensation plan is not approved, emphasizing Musk's leadership as critical to Tesla's future, especially as the company advances in AI and autonomous technologies. The plan, which could increase Musk's ownership stake to about 25%, faces opposition from advisory firms citing governance concerns and shareholder dilution, with the final vote expected at Tesla's annual meeting. Meanwhile, the once frosty relationship between President Donald Trump and Elon Musk appears to be warming, with Trump recently expressing renewed respect and fondness for Musk despite their earlier public feud over policy issues and Musk's third-party political ambitions. Both were seen interacting amicably at a memorial event, and Trump acknowledged Musk's previous "stupid moment" but affirmed he will likely always like him. Separately, Musk disclosed a significant bug in X's (formerly Twitter) algorithm that reduced posts from followed accounts in users' feeds, promising a fix and new settings to improve user experience, demonstrating his ongoing involvement in technology platforms beyond Tesla. These developments highlight Musk's multifaceted influence in business, politics, and social media.