Core Points - Tesla's annual shareholder meeting approved CEO Elon Musk's ambitious compensation plan, which could potentially yield nearly $1 trillion in stock options over the next decade if specific performance targets are met [1][2] - The approval came with 75% of voting shareholders in favor, despite some opposition from major shareholders like the Norwegian sovereign wealth fund [2][4] Summary by Category Compensation Plan - Musk's compensation plan requires achieving several milestones, including increasing Tesla's market value to $8.5 trillion from approximately $1.5 trillion, and delivering 20 million vehicles compared to over 8 million currently [2] - Additional targets include deploying 1 million autonomous taxis and delivering 1 million Optimus humanoid robots, with no prior deliveries of the latter [2] Market Reaction - Following the announcement of the approval, Tesla's stock price rose approximately 2% in after-hours trading on the same day [1] Musk's Position - Musk had previously threatened to leave Tesla if the compensation plan was rejected, indicating a potential shift of focus to his other ventures, including xAI, SpaceX, and Neuralink [4]
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