Core Points - Tesla's annual shareholder meeting approved CEO Elon Musk's controversial compensation plan, which could potentially yield nearly $1 trillion in stock options over the next decade if specific performance targets are met [1][2][4] - The plan requires Musk to achieve several ambitious goals, including increasing Tesla's market capitalization to $8.5 trillion, delivering 20 million vehicles, deploying 1 million autonomous taxis, and delivering 1 million Optimus humanoid robots [1][2] Summary by Categories Compensation Plan - 75% of voting shareholders approved Musk's compensation plan [1] - The plan was proposed by Tesla's board in September and has been a subject of controversy, with some major shareholders, including Norway's sovereign wealth fund, voting against it [2] Performance Targets - Market Capitalization Target: $8.5 trillion, up from approximately $1.5 trillion [2] - Vehicle Delivery Target: 20 million vehicles, compared to over 8 million currently delivered [2] - Autonomous Taxi Deployment: 1 million taxis, with a previous plan to deploy 1,500 by the end of 2025 [2] - Optimus Robot Delivery Target: 1 million units, with no prior deliveries reported [2] Market Reaction - Following the approval of the compensation plan, Tesla's stock price rose approximately 2% in after-hours trading on the day of the announcement [1]
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