Tesla(US:TSLA) Sou Hu Cai Jing·2025-11-08 12:14Core Viewpoint - Tesla shareholders approved Elon Musk's $1 trillion compensation plan with over 75% support, paving the way for Musk to potentially become the world's first trillionaire [1][2] Compensation Plan Details - The compensation plan includes a ten-year performance-based agreement where Musk can earn up to 423.7 million restricted stock units, representing approximately 12% of the company's adjusted total shares [3][5] - The plan is structured around 12 performance milestones that must be achieved, divided into market capitalization thresholds and operational milestones [3][7] Market Capitalization Goals - The first phase requires Tesla's market capitalization to increase from approximately $1.5 trillion to $2 trillion, with subsequent phases increasing by $500 billion until reaching $8.5 trillion [6][9] - Achieving the final market cap of $8.5 trillion represents a 470% increase from the current valuation, necessitating a compound annual growth rate of 19% [7][9] Operational Milestones - Operational targets include delivering 20 million Tesla vehicles, achieving 10 million active Full Self-Driving (FSD) subscriptions, delivering 1 million humanoid robots, and deploying 1 million Robotaxis into commercial operation [6][7] - The plan also stipulates that Tesla's annual adjusted EBITDA must reach $400 billion, with specific quarterly performance requirements for the last three targets [7][9] Shareholder Sentiment - The approval of the compensation plan reflects a divided sentiment among retail investors, with some viewing it as a necessary recognition of Musk's contributions to Tesla's success [3][4] - A personal investor indicated that their decision to hold shares is directly tied to Musk's continued leadership, emphasizing the importance of his role in Tesla's future [4]