Tesla’s board has formed a special committee to explore Elon Musk’s pay which could lead to the electric-vehicle maker’s chief being offered a fresh package of stock options as it seeks to resolve uncertainty over his future.
The committee comprises just the chair Robyn Denholm and Kathleen Wilson-Thompson, according to several people familiar with the matter. As well as Musk’s pay package it will also explore alternative ways to compensate him for past work should Tesla fail to reinstate his record 2018 pay deal via an appeal at the Delaware Supreme Court this year.
After the existence of the special committee was disclosed with a single sentence in a filing last month, major investors have reached out to the board and have been sounded out about their views on Musk’s pay and his continued leadership of the company, the people added.