Core Viewpoint - Tesla's board has proposed a new compensation plan for Elon Musk, potentially worth $1 trillion, contingent on achieving ambitious goals over the next decade [1] Group 1: Compensation Structure - The proposed plan stipulates that Musk will not receive any salary or bonuses, with compensation delivered in stock form [1] - Key milestones for unlocking the stock compensation include significant increases in Tesla's market value, substantial profit growth, and the sale of millions of vehicles [1] Group 2: Board's Rationale - Board Chair Robyn Denholm emphasized the importance of retaining and motivating Musk for Tesla to become the most valuable company in history [1] - The compensation plan aims to align extraordinary long-term shareholder value with incentive measures to drive optimal performance from Musk [1] Group 3: Investor Alignment - The board highlighted that Musk's incentives are closely aligned with investor interests, stating that he will receive nothing if Tesla's growth stagnates [1] - The scale of the proposed compensation is likely to reignite intense debates regarding Musk's income level as the world's richest person [1]

Core Viewpoint - The company, Jiao Da Ang Li, has reported criminal actions against five former executives for allegedly harming the company's interests by using company funds to purchase group insurance and subsequently refunding the premiums to personal accounts [1][2][3]. Group 1: Background of the Incident - The five former executives involved are Yang Guoping, Zhu Minjun, Lou Jianying, Li Hong, and Li Kangming, who held various senior positions in the company from 2016 to 2019 [5][6]. - The company filed a criminal report with the Shanghai Public Security Bureau, transitioning from a civil lawsuit to address the alleged criminal behavior discovered during the civil proceedings [3][16]. Group 2: Details of the Insurance Transactions - The first group insurance policy was taken out in October 2016 with a total premium of 3.8 million yuan, and the beneficiaries included the five former executives [6][12]. - In November 2017, the company applied for a refund of the insurance premium, which was directly returned to the personal accounts of the five executives, totaling 1.0936 million yuan [14][17]. - A second insurance policy was purchased in 2018 for a total of 12.84 million yuan, which was also refunded to the personal accounts of the same executives in January 2019 [14][15]. Group 3: Company’s Response and Findings - The current management, led by Ji Lin, discovered these irregularities during a self-audit prompted by a tax authority inquiry into the insurance premiums [20][21]. - The management found no records of board resolutions or approval processes for these transactions, raising concerns about their legality [16][20]. - Legal experts noted that using group insurance to refund premiums to executives' personal accounts is an unusual practice and could indicate potential misconduct [18][21].