Denholm said the $1 trillion package is designed to retain and motivate Musk for at least another seven years.

Tesla shareholders have the power to potentially make Elon Musk the world's first trillionaire. Here's how some of them plan to vote.

After a public falling out, Elon Musk and Donald Trump appear to have repaired their friendship. Here's why it could be good news for Tesla and SpaceX.

CalPERS, the largest U.S. public pension fund, will vote against Elon Musk’s $1 trillion Tesla pay plan, citing excessive scale and governance risks. Major investors and unions have lined up on both sides of the proposal,

Robyn Denholm said in a letter to shareholders that Musk stepping away could lead to Tesla losing "significant value."

Tesla critics hope to block the stratospheric compensation proposed for CEO Elon Musk but face an uphill fight. Investors in the electric vehicle maker will decide on November 6 whether to approve the pay package that is potentially worth $1 trillion - likely the largest-ever CEO compensation agreement.