Financial Union, October 27 (Editor Xia Junxiong)Tesla Chairman Robin Danholm sent a letter to shareholders on Monday calling for a vote in support of CEO Elon Musk's $1 trillion compensation package before the company's annual shareholder meeting.

Danholm said in the letter that the performance-based remuneration plan aims to keep and inspire Musk to lead Tesla for at least seven and a half years in the future.

Musk is to be leaving Tesla (Photos)

She called Musk's leadership "crucial" to Tesla's success and warned that without a plan that effectively motivates Musk, the company could lose his "time, talent and vision."

Denholm pointed out that as Tesla strives to become a global leader in artificial intelligence (AI) and autonomous driving technology, Musk's role is particularly critical.

Tesla last month announced a stunning compensation package that would allow Musk to receive stock awards of up to $1 trillion if he achieves a series of performance goals.

These goals include: Tesla reaching a market value of $8.5 trillion, selling 12 million vehicles, delivering 1 million humanoid robots, launching 1 million self-driving taxis (Robotaxi), and increasing adjusted earnings from 16.6 billion in 2024. $increased to $400 billion.

Musk¡¯s new remuneration proposal will be voted by shareholders on November 6, and if passed, it will be the largest remuneration scheme in the company¡¯s history.

However, the remuneration proposal sparked criticism from agency advisory agencies such as the Institutional Shareholder Services Company (ISS).ISS called on investors to vote against the proposal on the grounds that it was too large and lacked effective restrictive mechanisms.

Danholm said in an interview on Monday that the company is at an "important turning point" and that AI is the core.

If the new remuneration scheme is passed, Musk¡¯s stake in Tesla will rise from 13 percent to 29 percent, giving him greater control.

Danholm said: "He has always insisted on this view-that he should make sure he has enough voting influence at Tesla in the future to prevent bad AI-related things from happening. Therefore, the core of this salary package is not money, but the influence of voting rights."

For years, Tesla¡¯s board has been censored for being too close to Musk.

Earlier this year, a Delaware court vacated Musk's 2018 compensation agreement, ruling it was improperly awarded and the negotiation process was dominated by directors who lacked independence.