Elon Musk Could Quit Tesla
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Tesla CEO Elon Musk's polarizing political actions since acquiring Twitter, later rebranded X, in 2022 dramatically hurt the automaker's U.S. sales, underscoring how deeply its fortunes are intertwined with the billionaire's persona.
In a positive sign for Republicans ahead of next year’s midterms, the president revealed he is back in touch with Musk.
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Tesla eyes internal CEO candidates if Musk steps down over pay vote, Bloomberg News reports
Tesla is looking at internal CEO candidates if Elon Musk leaves in case the $1 trillion pay plan is not passed at the annual shareholder meeting next week, Bloomberg News reported on Tuesday, citing the automaker's board chair.
Meanwhile, TV host Jim Cramer has backed Musk's $1 trillion pay packet, which has drawn criticism from proxy advisory firms like International Shareholder Services (ISS) and Glass Lewis. Cramer said that Musk, as the CEO of Tesla, "was actually worth" the package.