Tesla(US:TSLA) 智通财经网·2025-08-04 22:19Core Viewpoint - Tesla's board has granted CEO Elon Musk a new temporary compensation plan involving 96 million shares, valued at approximately $29 billion, which has reignited discussions about Musk's control and corporate governance [1] Group 1: Compensation Plan - The new stock grant will vest over two years, contingent on Musk remaining in his role as CEO or another key executive position [1] - If Musk wins the ongoing 2018 compensation case and can exercise stock worth up to $56 billion, the temporary compensation will be automatically canceled [1] - The compensation plan was approved by a special committee consisting of Chairman Robyn Denholm and Director Kathleen Wilson-Thompson, without restrictions on Musk's new ventures or political activities [2] Group 2: Control and Governance - Musk currently holds about 13% of Tesla's outstanding shares and has expressed a desire to increase his voting control to at least 25% [2] - In March 2023, Musk registered a new AI company, xAI, in Nevada, which has raised concerns about transparency as Tesla has not disclosed this to shareholders [2] - Musk's political involvement, including his temporary withdrawal from Tesla to support Trump's campaign, has negatively impacted Tesla's brand image and sales in the U.S. and Europe [2] Group 3: Financial Performance - Despite a more than 2% increase in Tesla's stock price following the new compensation announcement, the company's fundamentals are under pressure [3] - Tesla reported a 16% year-over-year decline in automotive revenue and consecutive quarterly sales drops [3] - Musk acknowledged potential challenges ahead due to the gradual phase-out of electric vehicle tax credits, indicating possible difficulties in upcoming quarters [3]