批准了，给马斯克1万亿美元，特斯拉股东：不能眼睁睁看他离开

Core Viewpoint - Tesla's shareholders have approved a historic $1 trillion compensation plan for Elon Musk, reflecting a gamble to retain his leadership despite concerns about the company's dependency on him [1][20]. Group 1: Shareholder Decision - The high approval rate for Musk's compensation plan indicates shareholders are willing to pay a steep price to keep him, viewing it as more beneficial than the risk of losing him [1][3]. - The board has acknowledged Musk's critical role, suggesting that while the company could survive without him, his absence would create uncertainty about its future direction [3][10]. Group 2: Compensation Structure - The compensation plan is not immediate cash but future stock rewards tied to specific performance metrics, requiring significant company growth to fully realize [5][7]. - This creates a strong interdependence where Tesla relies on Musk, and he must deliver on company performance to benefit personally [7][10]. Group 3: Governance Concerns - Some institutional investors express dissatisfaction with the scale of the compensation, raising concerns about the underlying governance issues within Tesla [8][10]. - The board's structure, with members closely tied to Musk, raises questions about their ability to provide independent oversight [10][12]. Group 4: Market Reactions and Future Implications - The market's reaction to the compensation plan reflects a defensive mindset, with shareholders preferring to "buy insurance" against Musk's potential departure [12][16]. - The reliance on Musk's personal interests and emotions for the company's future stability is seen as a significant risk, highlighting the need for a more robust governance structure [16][18]. - The approval of the compensation plan may temporarily alleviate concerns about Musk leaving, but it underscores the necessity for Tesla to develop an independent management system [18][20].