Core Viewpoint - Rivian has announced a compensation plan for CEO RJ Scaringe, valued at up to $4.6 billion, linking rewards to the company's performance over the next decade [1] Group 1: Compensation Plan Details - The compensation plan for RJ Scaringe includes options to purchase up to 36.5 million shares of Class A common stock at an exercise price of $15.22 per share [1] - This new plan provides approximately 16 million more shares than his previous compensation package [1] - The options will vest in stages over the next ten years, contingent upon the company's stock price reaching targets between $40 and $140 per share [1] Group 2: Performance Metrics - In addition to stock price targets, Rivian's plan includes new operational revenue and cash flow metrics that must be achieved over the next seven years [1]

Core Insights - Rivian announced a compensation plan for CEO RJ Scaringe valued at up to $4.6 billion, linking rewards to the company's performance over the next decade [1] Group 1: Compensation Structure - The compensation plan includes options to purchase up to 36.5 million shares of Class A common stock at an exercise price of $15.22 per share, which is an increase of approximately 16 million shares compared to previous awards [1] - The options will vest over the next ten years, contingent upon the company's stock price reaching various target levels between $40 and $140 per share [1] Group 2: Performance Metrics - In addition to stock price targets, the plan requires Rivian to achieve new operational revenue and cash flow metrics over the next seven years [1]

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].

Core Points - Elon Musk has secured a historic $1 trillion compensation package from Tesla, which has redefined executive pay standards [1][2] - The compensation plan was approved with over 75% of votes at Tesla's annual shareholder meeting, marking it as the highest compensation plan in history [2] - Alongside the compensation approval, there was a significant vote regarding Tesla's potential investment in xAI, indicating a strategic shift towards AI and robotics [2] Compensation Details - The compensation is structured to be unlocked in 12 phases, with performance targets that are described as extremely challenging [4][6] - To fully unlock the compensation, Tesla's market value must increase nearly 8 times to approximately $8.5 trillion, surpassing Nvidia's current valuation [4] - Profit targets require an increase of nearly 24 times from 2024 levels, reaching $400 billion, with a minimum threshold of $50 billion [5] Stock Ownership Implications - If all targets are met, Musk's ownership in Tesla could rise from 13% to about 25%, potentially making him the world's first trillionaire by age 64 [8] - Even without achieving all targets, estimates suggest Musk could still receive compensation valued between $20 billion and $40 billion [8] Strategic Focus - Tesla aims to deliver 1 million humanoid robots, with significant challenges in production and technology [9] - Musk's confidence in achieving these goals is attributed to Tesla's unique capabilities in precision engineering and AI [9] Comparison with Competitors - In contrast, OpenAI's CEO has publicly stated he does not hold any shares in the company, highlighting a stark difference in compensation and ownership dynamics within the tech industry [14]

Core Points - Tesla shareholders approved a compensation plan for Elon Musk with over 75% of the votes, potentially worth up to $1 trillion, ending a long-standing dispute regarding Musk's pay [1][4] - The approved plan allows Musk's stock ownership in Tesla to increase to 25% or more over the next 10 years, with a potential grant of up to 423.7 million additional shares if Tesla's market value reaches $8.5 trillion [3][4] - If Musk fully realizes the incentives, his stock value in Tesla could exceed $2.4 trillion, significantly increasing his current net worth of approximately $490 billion [3] Shareholder Meeting Insights - The upcoming annual shareholder meeting on November 6 is expected to focus on this unprecedented compensation plan, which has been labeled as "the most expensive" in history [4] - Prior to the vote, the compensation plan faced significant opposition from institutional investors, including the Norwegian sovereign wealth fund, and there were mixed reactions from retail investors [5] - The Tesla board launched a public relations campaign to support Musk, who hinted at the possibility of leaving Tesla if the compensation plan was not approved [5]

Core Points - Musk's compensation plan will be voted on by shareholders on November 6, and if approved, it will be one of the largest compensation packages in corporate history [1] - Morgan Stanley indicated that if the compensation plan is rejected, Tesla's stock could face an immediate sell-off of over 10%, casting a shadow over the company's strategic future [1] Group 1 - The failure of the compensation plan will be interpreted by the market as a "vote of no confidence" in Musk's leadership, potentially triggering a severe reaction in the capital markets [3] - Analysts suggest that Musk may reiterate his demand for greater control, as Tesla's ability to attract and retain top talent in AI, manufacturing, and engineering will heavily depend on Musk's continued role as the core leader of the company [3] - A failure of Musk's compensation plan would undoubtedly undermine this foundational aspect of the company [3]

Core Viewpoint - Elon Musk's compensation plan will be voted on by shareholders this Thursday, and if approved, it will become one of the largest compensation packages in corporate history [1] Group 1: Market Reaction - Morgan Stanley indicates that if Musk's compensation plan is rejected, Tesla's stock could face an immediate drop of over 10% [1] - The failure of the compensation plan would be interpreted by the market as a "vote of no confidence" in Musk's leadership, potentially leading to a severe reaction in the capital markets [1] Group 2: Leadership and Talent Retention - Analysts suggest that Musk may reiterate his demand for greater control, as Tesla's ability to attract and retain top talent in AI, manufacturing, and engineering will heavily depend on Musk's continued role as the core leader of the company [1] - The failure of Musk's compensation plan would undoubtedly undermine this foundational aspect of the company [1]

馬斯克最近為什麼 在電話會議上 直接飆罵 企業恐怖主義？ 他就是在噴 那兩家 Glass Lewis 和 ISS 代理顧問公司 這幫人 幹了什麼呢？ 他們建議 特斯拉的股東們 投票否決 馬斯克的 天價薪酬方案！ 老馬當然氣炸了 但你知道 這件事裡 最魔幻的 是什麼嗎？ 是那個華爾街 最愛演的 Jim Cramer 這次居然站出來 替馬斯克說話了！ Cramer說 老馬希望 能像祖克柏那樣 絕對控制公司 但他接下來的觀點 才叫炸裂 他說就算馬斯克 沒有那種 創辦人股權 也應該把他 要的薪酬方案 給他！ 因為Cramer認為 馬斯克真的 值這個價 這話說的 太公道了！ 我們看過 多少平庸的 CEO 拿著天價薪水 把公司搞得 烏煙瘴氣？ 而馬斯克 是把特斯拉 從破產邊緣 一路拉到 現在這個高度的 唯一的那個人 Cramer都看懂了 驅動這一切的 就是馬斯克本人 你覺得 老馬到底值不值 這個價？. ...

Core Viewpoint - The article discusses Tesla's new compensation plan for CEO Elon Musk, which is valued at one trillion dollars, and the surrounding controversies and challenges related to its approval [3][4][11]. Group 1: Compensation Plan Details - Tesla has proposed a new "OKR" compensation plan for Musk to retain him as CEO for at least the next ten years [7]. - To unlock the full compensation, Musk must achieve ambitious performance targets, including increasing Tesla's market value nearly eightfold to $8.5 trillion (approximately 60.6 trillion yuan) and boosting profits to $400 billion (approximately 2.85 trillion yuan) by 2024 [8]. - If all targets are met, Musk's ownership stake in Tesla could rise from 13% to about 25%, potentially increasing his stock value by $1 trillion (approximately 7.13 trillion yuan) [10]. Group 2: Controversy and Reactions - The proposed compensation has sparked significant debate, with some viewing it as excessively high, even surpassing Tesla's total profits since its inception [11][13]. - Critics, including former Tesla employees and institutional investors, argue that the compensation is astronomical and lacks effective constraints, potentially diluting existing shareholders' equity [20][21][22]. - Supporters, including prominent investors like Cathie Wood, believe the plan will pass with overwhelming support, citing Tesla's current market position and growth potential [26][29]. Group 3: Upcoming Events - The final decision on the compensation plan will be made at the shareholder meeting on November 6, where Musk and other executives will also present Tesla's latest product roadmap and strategic priorities [31]. - Among the anticipated announcements is the new Roadster 2.0, which is set to be showcased this year and aims to be the fastest production car on the market [39][40].

Core Viewpoint - Tesla's board has proposed a new compensation plan for Elon Musk, potentially worth up to a trillion dollars, to ensure his continued leadership for at least another decade, which has sparked widespread debate and concern [1][3]. Compensation Plan Details - The new compensation plan is designed to secure Musk's commitment for the next ten years, with a core goal of achieving astronomical returns [5]. - To fully realize the compensation, Tesla must reach a market value of $8.5 trillion, which is nearly eight times its current valuation [5]. - The profit target is set at $400 billion, requiring a nearly 24-fold increase from projected 2024 profits [5]. - The plan includes ambitious product delivery goals: 20 million Tesla vehicles, 10 million Full Self-Driving (FSD) subscriptions, 1 million Tesla robots, and 1 million operational Robotaxis [5]. Shareholding and Wealth Implications - If all targets are met, Musk's shareholding could increase from 13% to approximately 25%, with the additional 12% valued at around $1 trillion [7]. - This compensation plan could make Musk the world's first trillionaire, with estimates suggesting he could still earn between $20 billion to $40 billion even if only partial goals are achieved [7]. Opposition and Concerns - The proposed compensation has faced significant criticism, with some analysts deeming it excessively high and potentially dilutive to existing shareholders [7]. - Concerns have been raised that the promised returns may not outpace inflation or match the performance of the S&P 500, with suggestions that other capable CEOs could achieve similar growth at a lower cost [7]. Musk's Defense and Support - Musk has defended the plan, asserting that Tesla's market value surpasses that of all other automakers combined, emphasizing his unique contributions [9]. - Supporters, including Tesla's official account and prominent investors like Cathie Wood, predict the plan will pass overwhelmingly, similar to the 2018 compensation plan [10]. Upcoming Decision - The final decision on the compensation plan will be made at Tesla's shareholder meeting on November 6, where Musk has hinted at unveiling new product roadmaps, including the long-awaited new Roadster [10].