Tesla(US:TSLA) Sou Hu Cai Jing·2025-09-14 07:20Core Points - Tesla shareholders will vote in November on a proposed 10-year compensation plan for CEO Elon Musk, valued at $1 trillion, which could become the largest in corporate history [1][3] - Tesla's board chair, Robyn Denholm, defended the compensation plan, stating that Musk needs to be incentivized through significant challenges tied to high compensation [1][3] - Denholm emphasized that the plan focuses on future performance rather than past results, asserting that Musk will receive nothing if he fails to meet the established goals [3] Summary by Sections Compensation Plan - The proposed compensation plan for Elon Musk is valued at $1 trillion, with a vote scheduled for November [1] - The plan is designed to link Musk's compensation to significant challenges, aiming to incentivize future performance [3] Board's Perspective - Robyn Denholm, who is also a member of the special committee that drafted the compensation plan, expressed that Musk is more interested in voting power than the monetary value of the compensation [3] - Denholm's comments suggest a focus on governance and influence rather than just financial rewards [3] Current Company Performance - The proposal comes at a time when Tesla's profits and vehicle sales are declining, raising questions about the appropriateness of such a large compensation plan [3] - Denholm insists that the plan is not related to past performance, indicating a forward-looking approach to Musk's compensation [3]