Core Points - Tesla has officially confirmed a new compensation plan for CEO Elon Musk, which was submitted to the SEC on November 10 [1] - The plan allows Musk to earn over 423 million shares of Tesla stock upon achieving twelve performance-based milestones, aimed at enhancing company and shareholder value [3] - The compensation plan was approved by over 75% of shareholders at the annual meeting on November 6, with a potential total value exceeding $1 trillion if all milestones are met [3] Performance Milestones - The twelve milestones include targets related to vehicle deliveries, progress on the Optimus humanoid robot project, and company market capitalization [3] - Specific milestones include reaching a market cap of $2 trillion and cumulative deliveries of 20 million Tesla vehicles, among others [5] - If all milestones are achieved, Tesla's market cap could exceed $8 trillion [3] Control and Ownership - Achieving these milestones would allow Musk to increase his ownership stake in Tesla, which he believes is crucial for the large-scale deployment of the Optimus robot [4] - If Musk fails to meet any of the milestones, he will receive no compensation, making the potential $1 trillion payout entirely contingent on meeting each performance target [4]