Tesla Chair Robyn Denholm recently sat down for an interview with Bloomberg Technology, covering a wide range of topics including Elon Musk’s new pay package, potential investments in Musk’s AI startup xAI, and the board’s stance on various issues regarding the CEO.
In a move that made headlines earlier this month, Tesla unveiled a groundbreaking compensation proposal for Musk in its 2025 proxy statement. If approved by shareholders and all milestones are met, the plan could potentially be worth up to $1 trillion, making it the largest CEO pay package in corporate history. Denholm emphasized her belief in Musk as a "generational leader" and the right person to lead Tesla during this transformative period, highlighting the board’s alignment with him on execution.
The proxy filing also disclosed that Tesla shareholders will decide this fall on whether the company should make a strategic investment in xAI. Denholm took the opportunity during the interview to address misconceptions surrounding AI, explaining that AI encompasses a range of technologies and that Tesla’s application of AI differs from xAI’s focus on research and large language models.
Regarding Musk’s political involvement, Denholm stated that he has completed his political service and that his personal activities are his own choice. From the board’s perspective, the focus remains on evaluating Musk based on his performance as the CEO of Tesla.
Security was another topic of discussion, with Denholm emphasizing the board’s commitment to ensuring Musk’s safety. She noted that both the board and Musk take security very seriously, especially in light of calls from Tesla shareholders to increase spending on Musk’s security.
The full Bloomberg Technology interview with Robyn Denholm can be watched below:
Check out the full Bloomberg Technology interview with Robyn Denholm below:
In conclusion, the interview provided valuable insights into Tesla’s future plans, Musk’s leadership, and the board’s priorities. As Tesla continues to innovate and push boundaries in the electric vehicle and AI sectors, Denholm’s perspective offers a glimpse into the company’s strategic direction and commitment to growth.