Core Points - Tesla shareholders approved a $1-trillion compensation plan for CEO Elon Musk, aimed at keeping him focused on the company [1][2] - Over 75% of voters supported the pay plan, which ties Musk's earnings to specific performance milestones [2] - The plan includes ambitious targets such as achieving an $8.5-trillion company valuation and delivering 20 million vehicles [3] Compensation Plan Details - Musk will earn Tesla shares incrementally based on performance milestones, with potential earnings in the billions even if only a few targets are met [2] - The plan could eventually grant Musk a 25% stake in Tesla, increasing from his current 13% ownership [3] - Milestones include deploying 1 million robotaxis and achieving 10 million full self-driving subscriptions [3] Governance and Shareholder Concerns - Tesla's board chair urged shareholders to support the plan, suggesting Musk might resign if it was not approved [4] - Concerns have been raised about the board's independence, with claims that it is overly influenced by Musk [5] - A Delaware judge previously blocked a smaller pay proposal, citing flaws in the approval process and Musk's influence over shareholders [5][7]

With Tesla’s Annual Meeting fast approaching on November 6, Board Chair, Robyn Denholm, sent a letter to shareholders on the critical nature of this vote.The fundamental question for shareholders at this year’s Annual Meeting is simple:Do you want to retain Elon as Tesla’s CEO and motivate him to drive Tesla to become the leading provider of autonomous solutions and the most valuable company in the world?Make your voice heard — vote with Tesla on ALL proposals today!https://t.co/WbcKtqU02UDear Fellow Shareh ...

Company Performance - Tesla's governance approach is uniquely suited to the company, viewing good governance as crucial for long-term shareholder returns [1] - Tesla has achieved 39,140% total shareholder returns since its IPO, significantly outperforming the S&P 500 and its peers [1] Board of Directors - The Board of Directors possesses critical skills, experience, and perspectives to shape Tesla's future [2] - The directors up for reelection are considered critical to Tesla's next chapter [2] - The Board has overseen Tesla's transformation into a provider of autonomous solutions, creating substantial shareholder value [2] Future Strategy - Tesla is transitioning into a provider of autonomous solutions [2] - Tesla encourages shareholders to vote to help shape the company's future [3]