Tesla(US:TSLA) Sou Hu Cai Jing·2025-09-06 05:09Group 1 - Tesla has proposed an unprecedented compensation plan for CEO Elon Musk, potentially worth nearly $1 trillion, which has garnered significant attention in the U.S. business community [1][3] - The ten-year incentive plan includes multiple performance targets, requiring the company's market value to increase from approximately $1 trillion to $8.5 trillion, and emphasizes the development of the autonomous taxi business [3] - If Musk meets all performance targets, his restricted stock could increase his ownership stake to over 25%, which is his long-standing demand [3] Group 2 - The plan indicates a significant adjustment in corporate governance, as Musk must participate in the board's CEO succession planning to unlock the final two performance rewards, balancing founder control with governance needs [3][4] - This is not the first high-value compensation plan for Musk; a previous $56 billion plan was invalidated by a Delaware court, and Tesla had offered a temporary stock reward worth about $30 billion earlier this year [3] - The board emphasized Musk's irreplaceability, stating that retaining and incentivizing him is crucial for Tesla's historic value leap, countering concerns about his divided attention [4] Group 3 - The plan includes strategic collaboration clauses, suggesting Tesla's participation in acquiring shares of Musk's AI company, xAI, reflecting Tesla's ambitions in emerging technologies [4] - This decision aligns with Musk's statement about focusing on AI and robotics if he cannot secure 25% voting rights, indicating Tesla's strategic positioning in the competitive landscape of AI and autonomous driving [4]