大摩：若马斯克薪酬方案被否决，特斯拉股价或跌超10％

Core Viewpoint - Elon Musk's compensation plan will be voted on by shareholders this Thursday, and if approved, it will become one of the largest compensation packages in corporate history [1] Group 1: Market Reaction - Morgan Stanley indicates that if Musk's compensation plan is rejected, Tesla's stock could face an immediate drop of over 10% [1] - The failure of the compensation plan would be interpreted by the market as a "vote of no confidence" in Musk's leadership, potentially leading to a severe reaction in the capital markets [1] Group 2: Leadership and Talent Retention - Analysts suggest that Musk may reiterate his demand for greater control, as Tesla's ability to attract and retain top talent in AI, manufacturing, and engineering will heavily depend on Musk's continued role as the core leader of the company [1] - The failure of Musk's compensation plan would undoubtedly undermine this foundational aspect of the company [1]