Core Viewpoint - The article discusses the approval of Elon Musk's unprecedented compensation plan at Tesla's annual shareholder meeting, highlighting the implications for the company's future and the mixed reactions from shareholders and the public [4][10][61]. Group 1: Compensation Plan Approval - 75% of shareholders voted in favor of Musk's compensation plan, which could grant him up to 423.7 million shares over the next decade, equating to approximately $275 million per day [4][9]. - The plan requires Tesla to achieve a market value of $8.5 trillion, sell 1 million humanoid robots, and secure 10 million paid subscriptions for its autonomous driving software [10][9]. - The approval was widely anticipated, with prediction markets indicating a 94% to 91% probability of passage [18][17]. Group 2: Support from Key Shareholders - Major institutional investors, including Morgan Stanley's Counterpoint Global and Charles Schwab, expressed support for the plan, emphasizing alignment with shareholder interests [22][24]. - Baron Capital and Florida's public pension fund also backed the proposal, citing Tesla's ambitious goals and Musk's critical role in the company's success [26][27]. Group 3: Opposition and Criticism - Despite the support, there was significant opposition, including protests against Musk's compensation, highlighting concerns over income inequality and the plan's scale [34][39]. - Notable dissenters included Norway's sovereign wealth fund and CalPERS, who raised issues regarding the board's independence and the plan's potential to concentrate power [40][48]. - Critics argued that the compensation structure could dilute shareholder value and was excessively high compared to typical executive pay [49][50]. Group 4: Public and Media Reaction - The debate surrounding Musk's compensation intensified on social media, with supporters arguing that achieving the plan's goals would significantly increase Tesla's value [54][55]. - The article notes a shift in sentiment from some investment firms, such as Charles Schwab, which ultimately decided to support the plan after facing pressure from retail investors [60][61].