Tesla(US:TSLA) Di Yi Cai Jing Zi Xun·2025-11-06 00:41Core Viewpoint - Tesla's annual shareholder meeting will focus on the vote regarding CEO Elon Musk's proposed 10-year compensation plan, which raises questions about traditional corporate governance rules and Musk's influence on the company [1]. Group 1: Compensation Proposal - Musk has threatened to resign if shareholders do not approve a compensation plan that could yield him up to $1 trillion [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 hold nearly 29% of Tesla's shares [2]. - Current voting statistics show approximately 80% participation, with over 55% in favor of the proposal [3]. Group 2: Shareholder Concerns - Major shareholders, including CalPERS and Norway's sovereign wealth fund, have raised concerns about the scale of the proposed compensation and its implications for shareholder influence [4]. - Analysts note that Musk's leadership is critical to Tesla's valuation, and any leadership transition could pose risks to the company's performance [4]. Group 3: Potential Outcomes - Tesla has warned that if the compensation proposal is rejected, Musk may leave to focus on other ventures, including xAI and SpaceX [5]. - The board has indicated that if Musk departs, they would likely choose an internal candidate for succession, although no current executive matches Musk's prominence [6]. - Morgan Stanley has cautioned that a rejection of the compensation plan could lead to a potential drop of over 10% in Tesla's stock price, reflecting a lack of confidence in Musk's leadership [6].