特斯拉股东投票批准马斯克“万亿薪酬包”，十年持股或增至25%

Core Viewpoint - Tesla's shareholders approved a historic $1 trillion compensation package for CEO Elon Musk, with over 75% of voting shareholders in favor, despite prior opposition from significant shareholders [1][4][8]. Group 1: Compensation Package Details - The approved compensation plan allows Musk to potentially increase his stake in Tesla from 15% to approximately 25% over ten years, contingent on achieving significant market and performance targets [2][6]. - To receive the full compensation, Musk must elevate Tesla's market value from $1.5 trillion to $8.5 trillion, sell 12 million vehicles, deploy 1 million Robotaxi vehicles, achieve 10 million subscriptions for the Full Self-Driving (FSD) service, and deliver 1 million robots [6][10]. Group 2: Market Reactions - Following the approval of the compensation plan, Tesla's stock initially dropped 3.5% but later rose over 3% before ultimately declining again [3][4]. - Morgan Stanley warned that a rejection of Musk's compensation plan could lead to a more than 10% drop in Tesla's stock price, as it would be perceived as a lack of confidence in Musk's leadership [7]. Group 3: Shareholder Opposition - Significant shareholders, including the California Public Employees' Retirement System (CalPERS) and the Norwegian Oil Fund, expressed opposition to the compensation plan, citing concerns over excessive pay and potential dilution of shareholder value [8][9]. - Shareholder advisory firms Glass Lewis and ISS recommended that investors reject the proposal linking Musk's pay to stock price and operational performance [9]. Group 4: Governance Concerns - Experts criticized the compensation plan for violating governance principles, arguing that it places too much power in the hands of a single leader with potential conflicts of interest [10][11]. - Some governance specialists noted that the board appears to be under pressure from Musk, labeling him a "superstar CEO" who may be leveraging his position [11].