Tesla(US:TSLA) Xin Lang Ke Ji·2025-09-08 00:41Core Viewpoint - Elon Musk has the potential to become the world's first trillionaire, contingent on a new performance-based compensation plan from Tesla that requires him to lead the company for the next ten years and achieve ambitious financial targets [1][4][15]. Group 1: Compensation Plan - Tesla's board has proposed a new compensation plan for Musk, which will be voted on at the shareholder meeting on November 6. The plan is expected to pass due to high retail investor support [2]. - If Musk meets all performance targets, he could earn up to $900 billion in Tesla stock options, effectively doubling his stake in the company to 25% [2][4]. - The plan requires Musk to drive Tesla's market capitalization to $8.5 trillion over the next decade, which is more than double the current valuation of Nvidia [4][5]. Group 2: Performance Targets - Musk must achieve several performance milestones, including increasing operating profit from $17 billion to $400 billion, delivering 20 million Tesla vehicles, and reaching 10 million active Full Self-Driving (FSD) users [5]. - The board emphasizes that retaining Musk is crucial for achieving these ambitious goals and becoming the most valuable company in history [5]. Group 3: Business Strategy and Challenges - Tesla is undergoing a strategic transformation, with its traditional electric vehicle business facing significant challenges, including declining sales in key markets like China, the U.S., and Europe [8][10]. - Analysts have shifted their focus from electric vehicle sales to potential growth in autonomous driving and robotics, which Musk believes will account for 80% of Tesla's future value [10][11]. - The latest "Master Plan IV" released by Musk does not mention new electric vehicle models but focuses on ambitious future visions involving humanoid robots and autonomous taxi services [11][12]. Group 4: Market Position and Competition - Tesla's electric vehicle sales have seen a decline, with a 1% drop last year and a 7% drop in the first half of this year, indicating a challenging market environment [8][9]. - The company faces increasing competition from domestic electric vehicle manufacturers in China, which has further complicated its market position [8][9]. Group 5: Future Outlook - The ambitious goals set forth in the new compensation plan may be difficult to achieve, especially given the current challenges in the electric vehicle market [6][8]. - Despite the challenges, the board's intention appears to be to keep Musk firmly in place as CEO, ensuring his focus on Tesla's future operations, particularly in autonomous driving and robotics [14][15].