马斯克再获天价薪酬

Core Viewpoint - Tesla's CEO Elon Musk has been granted a compensation package worth over $29 billion in stock options to ensure his leadership during a critical business transformation period for the company [3]. Group 1: Compensation Plan - In 2018, Tesla shareholders approved a compensation plan that granted Musk large stock options contingent on the company achieving specific goals, initially valued at $2.6 billion, which soared to $56 billion by early 2024 [6]. - A Delaware court annulled the 2018 compensation plan in 2024, citing that Musk engaged in deceptive negotiations with non-independent board members, leading to a flawed approval process [6][8]. - Musk appealed the court's decision, arguing that the plan resulted in significant growth for Tesla [7]. Group 2: New Stock Award - Tesla's board established a special committee to reassess Musk's compensation, particularly after Musk moved the company's headquarters to Texas, partly citing the court ruling as a reason for the relocation [8]. - The new issuance of 96 million shares is classified as an interim award, allowing Musk to apply for new awards if he remains in a senior management role for two years and if the court upholds the previous ruling [8]. - Musk can purchase these shares at $23.34 each, with a five-year holding requirement, translating to a stock incentive value of $29.5 billion based on the closing price [8]. Group 3: Control and Future Challenges - The new stock award will increase Musk's ownership in Tesla from 12.7% to over 15%, indicating a move to enhance his control over the company [10]. - This decision reflects the board's belief that Musk is best suited to navigate the growing challenges Tesla faces as it shifts focus from traditional automotive business to autonomous taxi and robotics technology [10]. - Recent financial reports indicate that Tesla's vehicle sales are under pressure, and Musk has warned of "several tough quarters" before significant revenue growth from autonomous software and services begins [10].