Core Viewpoint - Tesla's shareholders approved Elon Musk's unprecedented $1 trillion compensation plan, which is the most expensive CEO pay package in history, raising questions about the rationale behind this decision and the feasibility of Musk achieving the outlined goals [1][3]. Summary by Sections Compensation Plan Structure - Musk's $1 trillion compensation is not a fixed salary but a 10-year incentive plan, where he will not receive any fixed salary or cash bonuses during this period [3]. - If Musk meets a series of challenging targets and increases Tesla's market value to $8.5 trillion, he can earn 12% of Tesla's total shares, equating to the $1 trillion figure [3]. - The plan includes 12 tranches, each requiring the achievement of a market value milestone and an operational milestone to unlock [3]. Operational Goals - The operational targets include producing and selling 1 million Optimus humanoid robots, deploying 1 million robotaxis, delivering 20 million electric vehicles, and achieving 10 million continuous subscriptions for Full Self-Driving (FSD) [5]. - Musk must remain with Tesla for at least 7.5 years, and after the rewards vest, he cannot sell shares for an additional 5 years [5]. Strategic Intentions - The plan aims to align Musk's long-term interests with those of Tesla's shareholders, ensuring his focus remains on Tesla amidst his commitments to other ventures [6][8]. - It redefines "incentive" by emphasizing long-term vision and control rather than immediate financial rewards, which may have diminishing returns for someone of Musk's wealth [9]. - The plan serves as a strategic transformation document, pushing Tesla to evolve from merely being the largest electric vehicle company to becoming a leader in AI and robotics [11][13].
史上最贵CEO诞生,马斯克万亿美元薪酬为何会被接受?