马斯克能否赢得“万亿薪酬”，即将揭晓

Core Viewpoint - The article discusses Tesla's upcoming shareholder meeting where a significant proposal regarding CEO Elon Musk's 10-year compensation plan will be voted on, raising questions about traditional corporate governance in relation to Musk's influence over the company [3]. Group 1: Proposal Details - Musk has threatened to resign if shareholders do not approve a compensation plan that could yield him up to $1 trillion, indicating that over 50% of shareholders view Tesla as synonymous with Musk [5]. - The proposal includes ambitious targets such as increasing Tesla's market value to $8.5 trillion and delivering 20 million vehicles, which would allow Musk to control nearly 29% of the company [6]. - As of November 5, approximately 80% of votes have been cast, with over 55% in favor of the proposal [6]. Group 2: Opposition and Concerns - Major shareholders, including CalPERS and Norway's sovereign wealth fund, have raised concerns about the scale of the compensation plan, potential dilution of shares, and increased reliance on Musk, which could undermine shareholder influence [8]. - Analysts note that Tesla's performance has fluctuated with Musk's focus on other ventures, suggesting that leadership risk is a significant factor for investors [8][9]. - If the proposal is rejected, there are fears that Tesla's stock could drop by over 10%, reflecting a lack of confidence in Musk's leadership and creating uncertainty about the company's strategic direction [10]. Group 3: Succession Planning - Tesla must prepare a plan for continued operation without Musk, as the proposal includes a requirement for him to establish an executive succession framework [9][10]. - The board has indicated that if Musk were to leave, they would likely choose an internal candidate to ensure a smooth transition, although no current executive matches Musk's prominence [10].