Tesla(US:TSLA) Bei Jing Shang Bao·2025-11-07 08:44Core Points - Tesla shareholders overwhelmingly approved a compensation plan for CEO Elon Musk, potentially worth up to $1 trillion, marking a significant milestone in his financial journey [3][4][6] - The compensation plan received over 75% support at the annual shareholder meeting, despite facing considerable opposition prior to the vote [6][8] - The plan includes a performance-based structure over ten years, allowing Musk to earn an additional 423.7 million shares if he meets specific milestones, including increasing Tesla's valuation to $8.5 trillion and delivering 20 million vehicles [6][8] Financial Performance - Tesla's Q3 net profit was $1.37 billion, a 37% decline from $2.17 billion in the same period last year, highlighting challenges in maintaining growth and profitability [8] - Revenue from regulatory credits, a significant source of income for Tesla, dropped by 44% year-over-year to $417 million, indicating a shift in the competitive landscape of the electric vehicle market [8] Strategic Implications - Musk's motivation for the high-value compensation plan appears to be tied to gaining more control over Tesla's strategic direction, particularly in artificial intelligence and robotics [9] - Currently holding approximately 12.8% of Tesla's shares, Musk aims to increase his stake to nearly 25% through the new compensation plan, which he considers a "safety net" for maintaining influence over the company [9]