Elon Musk's pay package debate

Pay Package Approval & Potential Consequences - The approval of Elon Musk's trillion-dollar pay package is under debate, with the board chair indicating Musk might leave if it's not approved [1] - The pay package is contingent on Tesla's stock reaching a market capitalization of $85 trillion [2][3] Market Cap Milestones & Growth - Tesla needs to reach an $85 trillion market cap, divided into 12 tranches, for Musk to receive the full pay package [3] - Achieving this requires an additional $7 trillion in market cap, which is significantly larger than Nvidia's current valuation, and would be 2x of Nvidia [13][14] - Tesla's current market cap is over $15 trillion [12] Board's Stance & Shareholder Voting - The board recommends voting in favor of the pay package, aligning Musk's compensation with shareholder returns and incentivizing innovation and execution over the next 10 years [4][8] - Some proxy advisory firms like ISS and Glass are reportedly against the pay package due to policy concerns, potentially influencing shareholder votes [5] Autonomy & Future Potential - Morgan Stanley suggests that solving autonomy for cars would unlock autonomy for various AI-enabled robotics applications, justifying the pay package if targets are met [10] - The success of the pay package depends on factors like the success of Optimus and advancements in autonomous driving [14]