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14 Sep, 2025

Tesla chair defends Musk pay package

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Denholm says she has tried to imagine a Tesla without Musk and suggests shareholders wouldn’t like it—especially at this crucial moment in pivoting from being a car company to one deploying artificial intelligence through robots.

Our view is the opportunity ahead is far greater with Elon at the helm than without. You can’t say ‘I want Elon but I don’t want this bit,’ or ‘Can you dial up this bit?’ I lean into tough discussions…Sometimes he listens, sometimes he doesn’t, and that’s his prerogative…I’ve never, never been worried that he hasn’t devoted enough time to Tesla, even while he was in Washington…It’s not time that I measure, it’s output.

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