Part 3/14:
Tesla’s board chair, Robin Denholm, delivered a compelling message praising Elon Musk’s extraordinary leadership, emphasizing his proven ability to generate exceptional growth and value. Denholm articulated the company’s aspirations, asserting that under Elon’s continued stewardship, Tesla could become the most valuable company in history. To that end, Tesla’s special committee crafted a performance-based compensation plan aligned with shareholder interests, promising Elon zero compensation unless Tesla’s shareholders realize substantial value. This pay-for-performance model underscores Musk’s commitment to benefiting shareholders directly, with Elon responding warmly to this recognition.