Tesla(US:TSLA) Sou Hu Cai Jing·2025-09-08 01:10Core Viewpoint - The article discusses a new compensation plan for Tesla CEO Elon Musk, which could potentially reward him with stock worth approximately $1 trillion if he meets ambitious performance targets over the next decade [2][3]. Compensation Plan Details - The compensation plan proposes to grant Musk about 423 million shares of Tesla stock, which will be unlocked in 12 tranches upon achieving specific market and operational milestones [4]. - The market goal requires Tesla's market value to grow from approximately $1.1 trillion to $8.5 trillion, nearing the $10 trillion mark [4]. - Operational targets include delivering 20 million Tesla vehicles, achieving 1 million Robotaxi operations, delivering 1 million Optimus humanoid robots, obtaining 10 million Full Self-Driving (FSD) subscriptions, and increasing adjusted EBITDA to $400 billion [5][6][7][8]. Strategic Focus Areas - The targets highlight Tesla's focus on three main areas: Full Self-Driving (FSD), Robotaxi, and Optimus [9]. - The Robotaxi app has already surpassed Uber in the Apple Store, indicating strong market anticipation for Tesla's FSD technology commercialization [10]. - Tesla's cost advantage in Robotaxi operations is significant, being 37% cheaper than traditional ride-hailing services due to savings from fully autonomous operations and low energy consumption [10]. Competitive Landscape - Tesla is seen as a frontrunner in achieving large-scale autonomous driving applications, with industry consensus favoring its potential success over competitors like Waymo [11]. - Key competitors in the intelligent driving sector include Huawei and BYD, each with unique approaches and strengths [12][13]. Future Outlook - Achieving the outlined operational goals would enable Tesla to create a distributed network of vehicles equipped with FSD, transforming it from a leading electric vehicle manufacturer to an integrated AI giant [14]. - The potential market for humanoid robots like Optimus could be vast, possibly reaching valuations of $20 trillion to $30 trillion if successfully integrated into households and service sectors [14]. - The timeline for achieving these goals and whether Tesla will emerge as the winner remains uncertain, but Musk's leadership is deemed crucial for the company's morale and innovation pace [16][18]. Shareholder Support and Criticism - Shareholders are generally supportive of the compensation plan, viewing it as an opportunity for significant stock value increase [17]. - Critics argue that such a massive compensation could exacerbate wealth inequality and question the appropriateness of governance structures, suggesting that Tesla's reliance on Musk may be overstated [18][19].