Elon Musk has threatened to quit Tesla or shift his attention to xAI, SpaceX and his other business ventures if he doesn’t get his preferred pay package and greater voting control. Photo by Matt Rourke/AP Photo/Postmedia files

Tesla Inc. is prepared to name a new chief executive officer from inside the company if shareholders reject Elon Musk’s proposed US$1 trillion pay package and he steps down, according to the chair of the electric vehicle maker’s board.

To ensure an “orderly transition, the most likely would be internal,” Robyn Denholm said Tuesday in an interview, without ruling out the possibility of external candidates.

While Musk has been inextricably linked to Tesla for more than a decade, the prospect of his departure has come into focus ahead of the pivotal shareh

See Full Page