Tesla(US:TSLA) 美股IPO·2025-10-30 23:37Core Viewpoint - The California Public Employees' Retirement System (CalPERS) plans to vote against Elon Musk's $1 trillion compensation package for Tesla, which poses a significant obstacle to the approval of one of the largest compensation plans in corporate history [1][3]. Group 1: Compensation Plan Details - CalPERS holds approximately 5 million shares of Tesla stock and has expressed concerns that the proposed CEO compensation plan is significantly larger than those of peer companies [4]. - The compensation plan is a 10-year agreement that requires Musk to meet specific performance targets to receive full rewards, potentially increasing his shareholding to at least 25% if targets are met [4]. - Previous compensation proposals for Musk have faced opposition from CalPERS, including a $56 billion proposal last year and a $50 billion proposal in 2018, the latter of which was ruled invalid by a Delaware court [4]. Group 2: Implications for Tesla - Tesla's future is closely tied to Musk's involvement, with the company's chairperson warning that a rejection of the compensation plan could lead to Musk's departure, casting a shadow over Tesla's future [5]. - Following the news of CalPERS' opposition, Tesla's stock price fell by over 4.6%, underperforming compared to the broader U.S. stock market and most large tech companies [6].