Tesla(US:TSLA) Sou Hu Cai Jing·2025-11-07 01:09Core Points - Tesla's CEO Elon Musk's compensation plan was approved by shareholders with a 75% majority, potentially allowing him to earn nearly $1 trillion in stock over the next decade [1] - The new plan allows Musk to earn up to $878 billion in Tesla stock, contingent on achieving specific company milestones [2] - Musk's stock ownership could increase from approximately 13% to about 25% if all performance targets are met [1][2] Summary by Sections Compensation Plan - Musk's compensation plan includes 12 tranches of stock, with the first tranche contingent on Tesla's market cap increasing from approximately $1.5 trillion to $2 trillion and achieving sales of 11.5 million new cars [1] - The plan requires Musk to remain CEO for the next 7.5 years and to meet ambitious targets, including a market cap of $8.5 trillion and core profits of $400 billion [2] Performance Targets - Key performance targets include delivering 20 million vehicles, having over 10 million active Full Self-Driving (FSD) subscribers for three consecutive months, delivering 1 million robots, and operating 1 million Robotaxis simultaneously [2] - Musk expressed confidence in advancing FSD capabilities and regulatory approvals in international markets [2] Future Developments - Tesla plans to start mass production of the autonomous taxi, Cybercab, in April 2026 [3] - Musk believes that robots will become the largest product ever, surpassing smartphones, with current production costs for the Optimus robot at around $20,000 [3] Financial Performance - Tesla reported record revenue of $28.095 billion for the third quarter, but net profit attributable to common shareholders fell by 37% year-over-year to $1.373 billion [4]