Tesla Shareholders Close to Deciding on Musk's $1 Trillion Pay Package

Compensation Plan & Shareholder Concerns - The proposed compensation plan for Elon Musk is under scrutiny, with concerns raised about its size and potential dilution [4][5] - Norway's sovereign wealth fund, a significant Tesla shareholder, opposes the pay package due to its magnitude [4] - Proxy advisors have commented on the plan, prompting efforts to ensure shareholders are fully informed about its details and rationale [3][4] Voting & Control - Elon Musk aims to maintain approximately 25% voting influence within Tesla [8] - Current exchange rules prevent the implementation of high-vote or dual-class listings [9] - Under Texas law, insiders, including Elon Musk, can vote their shares on the compensation plan, a change from Delaware law [13][14] Risk Mitigation & Future Strategy - There is a risk that a no vote on the compensation plan could lead to Elon Musk reducing his involvement with Tesla [10] - The board is primarily focused on securing approval for the plan rather than focusing on contingency plans [11][12] - Tesla highlights that the previous compensation plan received over 70% shareholder approval, even without Elon Musk's vote [14] Shareholder Value - A shareholder has experienced a nearly 40,000% increase in their share value since 2011 [7]