Elon Musk May Step Down as CEO of Tesla

The board of directors of Tesla has announced that Elon Musk may step down from his position if shareholders reject his nearly one trillion dollar compensation package. This was reported by Reuters.

According to the source, Tesla shareholders will vote today on the proposal to pay Musk up to $878 billion in stock options. If the proposal is rejected, experts note that there is a high likelihood Musk will leave his position, which could negatively impact the company's stock value.

Analysts believe that this vote can be seen as a sort of referendum on whether traditional corporate governance rules should be applied in the same way to the world's richest person.