Here are the key Tesla shareholders backing Elon Musk's $1 trillion pay package — and who's against

Core Viewpoint - The debate surrounding Elon Musk's proposed $1 trillion pay package is intensifying, with significant implications for Tesla's future and Musk's potential departure if the plan is not approved by shareholders [1][2]. Support for the Pay Package - The State Board of Administration of Florida, managing over $280 billion in assets, supports the pay package, highlighting the performance-driven incentive structure [5]. - Cathie Wood, CEO of ARK Invest, expressed confidence in the package's approval, suggesting it could lead to "super-exponential growth" for Tesla, with ARK holding around $1 billion in Tesla shares [8]. - Dan Ives from Wedbush Securities, a prominent Tesla supporter, believes the package will keep Musk focused on the company and accelerate Tesla's advancements in autonomous technology [12]. Opposition to the Pay Package - New York State Comptroller Thomas DiNapoli urged shareholders to vote against the compensation plan, citing a lack of board independence, with the state's retirement fund holding over 3.5 million Tesla shares valued at approximately $1.7 billion [14]. - The American Federation of Teachers, along with other unions and investment firms, has also called for a vote against the pay deal, arguing it lacks sufficient commitments from Musk to ensure his focus on Tesla [18].