Elon Musk Got His $1 Trillion Pay Package. Now Tesla's Moonshot Goals Are In Focus.

Core Points - Tesla shareholders approved Elon Musk's compensation package valued at nearly $1 trillion, receiving over 75% of votes in favor, marking it as the largest CEO pay plan on record [2][6] - The pay plan allows Musk to potentially gain a 25% stake in Tesla, contingent on achieving specific performance targets, including a market cap of $8.5 trillion and profits of $400 billion [3][6] - The approval reflects investor enthusiasm for Tesla's transformation into a leader in robotics and AI, despite some concerns regarding the lack of safeguards against key-person risk [2][4] Financial Targets - To unlock the full financial reward from the pay package, Tesla must meet ambitious goals: 20 million car deliveries, 1 million robots sold, and 1 million robotaxis operational [3] - Currently, Tesla's market cap is approximately $1.3 trillion, with reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4.2 billion for the third quarter [3] Investor Sentiment - The shareholder meeting demonstrated strong support for Musk's vision, with attendees expressing excitement about Tesla's future beyond just electric vehicles [2][4] - Wedbush analyst Dan Ives noted that shareholders have secured Musk as a "wartime CEO" amid the AI revolution, maintaining a buy-equivalent rating on Tesla stock with a 12-month price target of $600, indicating over 40% upside potential from a recent price of $426 [4]