Core Viewpoint - Tesla Inc. shareholders are expected to overwhelmingly approve CEO Elon Musk's proposed compensation package, which could be valued at nearly $1 trillion, during the upcoming meeting on November 6 [1][2]. Group 1: Compensation Package Details - The proposed compensation plan for Musk could be one of the largest in corporate America, with a potential value of up to $1 trillion [2]. - Musk's payout is tied to aggressive performance targets that Tesla must achieve over the next decade [3]. - The compensation structure includes 12 tranches, with Musk eligible for stock awards exceeding $900 billion if Tesla's market capitalization reaches $8 trillion, representing a 463% increase from its current market cap of $1.42 trillion [4]. Group 2: Investor Perspectives - Investor Tom Nash supports Musk's compensation package, emphasizing that approving the plan is crucial for Tesla's future and that shareholders should either "Approve the Trillion" or "lose the vision" [5]. - Conversely, investor Ross Gerber has criticized the pay package as "insanity," expressing concerns about potential litigation and questioning the independence of Tesla's board from Musk [6]. Group 3: Market Reaction - Tesla shares experienced a 4.31% increase on Monday, trading at $452.42, although they were down 0.29% in pre-market trading [6].
Musk's $1 Trillion Pay Package Faces 'Near Zero Chance' Of Rejection, Says Gary Black — Investors Should Approve Or 'Lose The Vision,' Says Tom Nash - Tesla (NASDAQ:TSLA)