Tesla(US:TSLA) Sou Hu Cai Jing·2025-10-30 20:51Core Viewpoint - CalPERS plans to vote against Elon Musk's $1 trillion compensation package for Tesla, which poses a significant obstacle to the approval of one of the largest compensation plans in U.S. corporate history [1][2] Group 1: Compensation Plan Details - The proposed CEO compensation plan is significantly larger than those of peer companies, raising concerns about performance metrics and industry standards [1] - The compensation package is a 10-year plan that requires Musk to meet specific performance goals to receive full rewards, potentially increasing his shareholding to at least 25% if targets are met [1] Group 2: CalPERS Position - CalPERS holds approximately 5 million shares of Tesla stock and typically evaluates proposed compensation based on performance and industry norms [1] - Previous compensation proposals by Musk have faced opposition from CalPERS, including a $56 billion proposal last year and a $50 billion proposal in 2018, which was ruled invalid by a Delaware court [2] Group 3: Tesla's Stock Performance and Future Concerns - Tesla's stock price fell over 4.6%, underperforming compared to the broader U.S. market and most large tech companies [3] - Tesla's future is closely tied to Musk's role, with warnings from the board that rejecting the compensation plan could lead to Musk's departure, casting a shadow over the company's future [2]