TESLA EYES INTERNAL CEO CANDIDATES IF MUSK LEAVES OVER $1 TRILLION PAY VOTE

Summary from the TLDR newsletter

Tesla is prepared to name a new Chief Executive Officer from inside the company if shareholders reject Elon Musk's proposed $1 trillion pay package and he steps down. The unprecedented pay package will be voted on at the company's annual meeting on November 6. It is designed to incentivize Musk and ensure that development around AI and other new products happens within Tesla rather than with one of Musk's multiple other ventures. Shareholders will also vote on whether to invest in xAI at the annual meeting.