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This is read by an automated voice. Please report any issues or inconsistencies here . Tesla faces declining sales, lost market share and an embarrassingly bad Cybertruck launch while rewarding its CEO with historic compensation.

To hear Tesla’s management talk, you might think that the record-breaking $1-trillion pay package its board just approved for Elon Musk is, in fact, a bargain.

The proposal, which will be presented to Tesla shareholders for their approval on Nov. 6, would require Musk to dramatically remake the electric-car company, turning it into an AI and robotics company that also sells cars.

“Mr. Musk is being asked to transform Tesla and, in so doing, provide transformative technologies to better society as a whole,” the company says in its proxy stat

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