Tesla(US:TSLA) Mei Ri Jing Ji Xin Wen·2025-09-05 16:06Core Points - Tesla is seeking investor approval for a new compensation plan for CEO Elon Musk, which could grant him 423 million shares worth approximately $975 billion if certain operational milestones are met over the next decade [2] - The plan requires Tesla's market capitalization to nearly double to $2 trillion for the first reward, with a final target of $8.5 trillion, which is about eight times the current value and twice that of Nvidia [2] - Key operational milestones for the 2025 CEO performance award include delivering 20 million Tesla vehicles, achieving 10 million active FSD subscriptions, delivering 1 million robots, and operating 1 million Robotaxis [2] - The board believes retaining Musk is crucial for Tesla's future growth and aims to motivate him to focus on the company's contributions [3] - Musk's stock ownership will increase from just under 13% to about 16% with the new grant of 96 million shares, contingent on his continued leadership for two years and a five-year lock-up period [4] Financial Context - The potential value of Musk's stock grant is estimated at around $975 billion, which translates to nearly 70 trillion yuan [2] - As of the end of Q2 this year, Tesla has delivered over 8 million vehicles globally, while the numbers for robots, Robotaxis, and FSD subscriptions are still in the early stages [3] - The new compensation plan follows a lengthy legal dispute over a previous $56 billion compensation package that was deemed excessive by a Delaware judge [3][4]