(Reuters) -Tesla board chair Robyn Denholm dismissed concerns that Elon Musk’s political activity has depressed sales at the electric-vehicle maker, in an interview with Bloomberg Television.
This comes days after Tesla’s board proposed a $1 trillion compensation plan for CEO Musk, in what would be the largest corporate pay package in history, underscoring the hold he has over the carmaker as it attempts to transform into an AI and robotics powerhouse.
Shares of the company were up nearly 6%.
The EV maker’s board has repeatedly voiced confidence in Musk’s ability to steer the company in a new direction while reigniting growth, even as it loses ground to Chinese rivals in key markets amid softening demand.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
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