马斯克能否赢得“万亿薪酬”，即将揭晓

Core Viewpoint - Tesla's upcoming annual shareholder meeting will focus on the vote regarding CEO Elon Musk's proposed 10-year compensation plan, which could potentially yield him up to $1 trillion in income, raising questions about traditional corporate governance rules and Musk's influence on the company [2][3]. Group 1: Compensation Proposal - Musk has threatened to resign if shareholders do not approve the compensation plan, which is seen as a referendum on his role within Tesla [2]. - The proposal includes ambitious targets such as increasing Tesla's market value to $8.5 trillion and delivering 20 million vehicles, which would allow Musk to control nearly 29% of the company [3]. - Supporters argue that the plan ties Musk's compensation to performance metrics, ensuring he only receives rewards after creating shareholder value [4]. Group 2: Shareholder Concerns - Major shareholders, including CalPERS and Norway's sovereign wealth fund, have raised concerns about the scale of the compensation plan, potential dilution of shares, and increased reliance on Musk, which could weaken shareholder influence [4]. - The current voting progress shows about 80% participation, with over 55% in favor of the proposal as of November 5 [4]. Group 3: Leadership Risks - Analysts note that Tesla's stock and sales have fluctuated with Musk's focus on other projects, indicating the importance of his leadership to the company's valuation [5]. - There is a warning that if the compensation proposal is rejected, Tesla's stock could drop by over 10%, reflecting a lack of confidence in Musk's leadership [7]. - The board is preparing for a succession plan in case Musk leaves, with potential internal candidates being considered for a smooth transition [6].