12:53 PM EDT, 10/28/2025 (MT Newswires) -- Tesla (TSLA) Chair Robyn Denholm said it is too soon to gauge investor support for Chief Executive Elon Musk's potential $1 trillion pay package ahead of a crucial shareholder vote, Bloomberg reported Tuesday.

Denholm told Bloomberg Television that "most investors wait until the last minute to vote so we are still early in that cycle," as Tesla's board continues efforts to rally backing ahead of the Nov. 6 shareholder meeting.

The package would award Musk a 25% ownership stake if he achieves major growth goals in Tesla's automotive, robotics, and robotaxi businesses, the report said.

Proxy firms ISS and Glass Lewis have recommended voting against the proposal, though Musk's past compensation plans have been approved despite their objections, the report said.

Tesla did not immediately respond to MT Newswires' request for comment.

Shares of the company were up 2.7% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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