Tesla(US:TSLA) Feng Huang Wang·2025-11-01 00:08Core Viewpoint - Elon Musk's new compensation plan for Tesla will be voted on by shareholders on November 6, and if approved, it will be the largest compensation package in corporate history, potentially worth up to $1 trillion if Musk meets ambitious targets over the next decade [1]. Summary by Category Compensation Plan Details - The compensation plan includes targets such as reaching a market value of $8.5 trillion, selling 12 million cars, delivering 1 million humanoid robots, launching 1 million Robotaxis, and increasing adjusted earnings from $16.6 billion in 2024 to $400 billion [1]. - As of the last market close, Tesla's total market value was $1.46 trillion [1]. Supporters - The Florida State Board of Administration, managing over $280 billion in assets, including over $1 billion in Tesla stock, supports the compensation plan, calling it a "bold, performance-driven incentive mechanism" [2][3]. - Cathie Wood, founder of ARK Invest and a long-time Tesla investor, expects the plan to pass easily and disagrees with the positions of Glass Lewis and ISS [4][5][6]. - Dan Ives from Wedbush Securities, a well-known analyst, supports the plan, stating it will help Musk focus on the company and accelerate Tesla's future in automation and robotics [7]. - Gavin Baker, managing partner at Atreides Management, expressed support for the plan, emphasizing Musk's involvement is crucial for maintaining Tesla's growth trajectory [8][9]. Opponents - New York State Comptroller Thomas DiNapoli urged shareholders to vote against the plan, criticizing the board's lack of independence [10][11]. - The American Federation of Teachers, the second-largest teachers' union in the U.S., along with several unions and state officials, called for a no vote, arguing the plan does not ensure Musk's sufficient focus on Tesla [12]. - CalPERS, the largest public pension fund in the U.S., plans to vote against the plan, citing its excessive compensation compared to other CEOs and the concentration of power in a single shareholder [13].