Elon Musk attends the finals for the NCAA wrestling championship. (AP)

Elon Musk could step away as Tesla’s chief executive if shareholders reject his proposed $1 trillion pay package at the company’s annual meeting on 6 November, the carmaker’s chair Robyn Denholm has warned.

In a letter to investors, Denholm said the performance-based plan was designed to keep Musk leading Tesla for “at least another seven-and-a-half years,” Reuters reported.

She said Musk’s leadership was “critical” to the company’s future and warned that without a package that encourages him to stay, Tesla could lose his “time, talent and vision,” as quoted by Reuters . She added that his role is important as Tesla aims to expand in artificial intelligence and autonomous driving technology.

What the plan includ

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