Tesla Eyes Internal CEO Candidates If Musk Leaves Over Pay Vote
Update: 2025-10-29
Description
Tesla faces a pivotal moment as Elon Musk's massive pay package is up for shareholder vote, with potential consequences for his involvement in the company. If the package is rejected, Tesla is prepared to appoint a new CEO from within, with names like Tom Zhu in the mix. The board is also considering external candidates and multiple leaders. Tesla's campaign to rally investor support includes sending out Optimus and handing out candies, while big institutional players are influenced by proxy advisers' recommendations against Musk's pay package. Tesla's stock performance and Musk's engagement are key factors in investors' perception of the company's future, with the added uncertainty of a potential investment in Musk's xAI startup.
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