Tesla(US:TSLA) Zhong Guo Neng Yuan Wang·2025-11-02 05:34Core Points - The upcoming shareholder vote on Elon Musk's $1 trillion compensation plan is critical for Tesla's future [1][2] - The vote will also address key proposals including an equity incentive plan and board elections [2] - If Musk's ambitious revenue and product goals are met, he could earn up to $1 trillion, contingent on significant company performance metrics [3] Group 1: Compensation Plan Details - Musk's compensation plan is not a traditional salary but a high-stakes wager based on achieving specific targets, including a market cap of $8.5 trillion and sales of 12 million vehicles [3] - The adjusted EBITDA must increase from $17 billion in 2024 to $400 billion, representing a more than 20-fold increase [3] - Supporters argue that the plan aligns Musk's interests with key technological advancements, while opponents warn against over-reliance on a single leader [3][4] Group 2: Market Reactions and Predictions - Morgan Stanley warns that if the compensation plan is rejected, Tesla's stock could drop by over 10%, reflecting a lack of confidence in Musk's leadership [5][6] - The rejection could be interpreted as a "no-confidence vote" against Musk, potentially leading to severe market reactions and strategic uncertainties for Tesla [6][7] - The ability to attract and retain top talent in AI, manufacturing, and engineering may hinge on Musk's continued leadership and the success of the compensation plan [7]