Tesla proposes new pay package for Elon Musk worth up to $1T

Core Viewpoint - Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be valued at up to $1 trillion, despite challenges in its car business and a shift towards humanoid robotics and AI [1] Compensation Plan Details - The compensation plan is linked to benchmarks, including increasing Tesla's valuation from approximately $1 trillion to over $8 trillion, which would grant Musk more than 423 million additional shares, raising his control to about 25% [2] - The proposal will be presented to shareholders at Tesla's upcoming annual meeting, following a $29 billion compensation package announced after a previous plan was rejected by a judge in Delaware [3] Company Vision and Strategy - Tesla communicated to shareholders that it believes society is at a "critical inflection point" and aims to promote "sustainable abundance" through innovative and affordable technologies [4] - The company emphasized that Musk's "singular vision" is essential for navigating this pivotal moment, referencing the recently published "Master Plan Part IV," which Musk acknowledged but noted lacked specifics [5]