Tesla Era on a Knife-Edge as Musk’s Shareholder Vote Looms
Jul 3, 2026
Tesla shareholders faced a historic decision: approve Elon Musk’s massive, milestone-based pay package or risk losing him. The board warned Musk might leave if rejected, arguing only he could lead Tesla’s transformation into an AI and robotics powerhouse. Critics called the package excessive and risky, while supporters said Musk’s payout depended on Tesla’s success. The vote became a referendum on Tesla’s future—car company or AI giant. Shareholders backed Musk, but now Tesla must deliver on ambitious promises like robotaxis and AI factories to prove the deal was more than just buying a dream.
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