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00:02Tesla chair Robin Denholm said the company is prepared to name an internal successor
00:06if shareholders reject Elon Musk's $1 trillion pay package and he steps down, according to Bloomberg.
00:12Denholm said she spoke with Musk directly and warned that if the proposal fails,
00:15there's a high probability he would disengage or redirect his focus to vendors like SpaceX or XAI.
00:21Tesla's board has launched an extensive campaign to rally shareholders' support out of the November 6th vote,
00:26engaging institutional investors and retail owners who make up about 30% of the base.
00:31Proxy firms ISS and Glass-Lewis have advised voting against the plan.
00:35Package will give Musk up to a 25% stake if he meets growth milestones across Tesla's car, robotics, and AI units.
00:41For all things money, visit Benzinga.com.
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