Elon Musk drops shocking hint about his Tesla future

Elon Musk has sparked another storm, this time by threatening to walk away from Tesla unless he gets his record-breaking $1 trillion compensation package.

The Tesla CEO has made it clear that if shareholders don’t approve the new pay plan, he might no longer be the one running the electric vehicle (EV) giant.

In a blunt post on X (formerly Twitter), Musk wrote, “Which of those other CEOs would you like to run Tesla? It won’t be me.”

The ultimatum comes just weeks before a crucial shareholder vote scheduled for November 6, where investors will decide whether to approve the largest pay deal in corporate history.

The new proposal could make Musk the world’s first trillionaire.

However, Musk would need to raise Tesla’s market capitalisation to $8.5 trillion and meet ambitious targets, such as generating $400 billion in annual earnings, producing one million Optimus humanoid robots, and delivering about 12 million electric vehicles by 2035.

The controversy also includes a re-vote on Musk’s previous $47 billion package from 2018, which a Delaware court struck down as illegal due to conflicts of interest among Tesla’s board.

Notably, Musk’s ownership in the car company dropped from about 25% to 13%, after he sold billions of dollars in Tesla stock to buy Twitter (now X).