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Tesla Will Vote On Musk's Trillion-Dollar Payday Today—Here's What Might Happen
Forbes· 2025-11-06 16:00
Core Viewpoint - Tesla shareholders are set to vote on a compensation package for CEO Elon Musk that could be valued at nearly $1 trillion, which is seen as essential for retaining Musk at the company, despite opposition from some major shareholders [1][2]. Group 1: Compensation Package Details - The proposed compensation package would grant Musk over 423 million additional shares, potentially increasing his ownership stake to approximately 25% if Tesla meets specific performance goals over the next decade [2][3]. - For Musk to receive the full compensation, Tesla's market capitalization must rise from $1.5 trillion to $8.5 trillion within ten years, alongside achieving targets such as selling 12 million cars and operating 1 million Robotaxis [3]. Group 2: Support for the Pay Package - Tesla chair Robyn Denholm indicated that denying the plan could lead to Musk's departure, which would significantly diminish Tesla's value [4]. - Supporters of the plan, including Counterpoint Global and the Florida State Board of Administration, argue that Musk's leadership has driven substantial success and shareholder returns [4]. Group 3: Opposition to the Pay Package - Norges Bank Investment Management and other proxy firms have expressed concerns about the compensation's size and its implications for shareholder power, recommending a vote against the plan [5]. - The California Public Employees' Retirement System also plans to oppose the package, citing its disproportionate scale compared to other executive compensation plans [5]. Group 4: Musk's Response - Musk criticized the opposition from proxy firms, labeling them as "corporate terrorists" and suggesting that he might leave Tesla if he does not secure greater voting power [6][7]. Group 5: Market Context - Tesla reported record deliveries of over 497,000 vehicles in the third quarter, generating revenues of $28.09 billion, surpassing Wall Street expectations [8]. - Despite strong quarterly performance, Tesla has faced declining sales in Europe due to increased competition from other electric vehicle manufacturers [8]. Group 6: Musk's Wealth - As of Thursday, Musk's net worth is estimated at $500.2 billion, making him the world's richest person, with Tesla shares having increased by 20% this year [9].
Tesla Shareholders Close to Deciding on Musk's $1 Trillion Pay Package
Bloomberg Technology· 2025-11-05 20:39
Compensation Plan & Shareholder Concerns - The proposed compensation plan for Elon Musk is under scrutiny, with concerns raised about its size and potential dilution [4][5] - Norway's sovereign wealth fund, a significant Tesla shareholder, opposes the pay package due to its magnitude [4] - Proxy advisors have commented on the plan, prompting efforts to ensure shareholders are fully informed about its details and rationale [3][4] Voting & Control - Elon Musk aims to maintain approximately 25% voting influence within Tesla [8] - Current exchange rules prevent the implementation of high-vote or dual-class listings [9] - Under Texas law, insiders, including Elon Musk, can vote their shares on the compensation plan, a change from Delaware law [13][14] Risk Mitigation & Future Strategy - There is a risk that a no vote on the compensation plan could lead to Elon Musk reducing his involvement with Tesla [10] - The board is primarily focused on securing approval for the plan rather than focusing on contingency plans [11][12] - Tesla highlights that the previous compensation plan received over 70% shareholder approval, even without Elon Musk's vote [14] Shareholder Value - A shareholder has experienced a nearly 40,000% increase in their share value since 2011 [7]
X @Wu Blockchain
Wu Blockchain· 2025-10-11 13:17
Binance may be about to release the largest compensation plan in its history. Binance co-founder He Yi said: We will review your account activity individually, analyze the situation, and provide compensation accordingly. However, losses resulting from market fluctuations and unrealized profits are not eligible for compensation. https://t.co/EGvfCHoy7E ...
X @Binance Wallet
Binance Wallet· 2025-10-01 13:41
GAIN team has updated the compensation plan. More info:https://t.co/KH1JuSBawKOliver Feldmeier (@OliFeldmeier):Dear Griffins, the wait is over. The relaunch of GAIN is happening! Sharing with you the great news:Restoring All Balances: We heard the community. We are committed to making all token holders whole. This means: ANYONE who holds GAIN token in their wallets will receive the new ...
X @Tesla Owners Silicon Valley
Company Leadership & Strategy - Supporting Elon Musk's compensation plan is crucial for maintaining his authority to guide Tesla towards its long-term objectives [1] - A "yes" vote safeguards Tesla's future and ensures Musk continues to lead the company's vision [1] - External activists lacking share ownership could jeopardize Tesla's core mission if they succeed in removing Musk [1]
X @Tesla Owners Silicon Valley
Supporting @elonmusk’s compensation plan isn’t really about the financial aspect—it’s about ensuring he retains the authority needed to steer Tesla toward its long-term goals.If external activists, who don’t even hold shares, manage to oust him, the company’s core mission could be jeopardized.Casting a "yes" vote is a way to safeguard Tesla’s future and keep Musk at the helm, driving its vision forward. ...
X @TechCrunch
TechCrunch· 2025-09-05 11:15
Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be worth as much as $1 trillion even as the EV maker's car business stumbles and it sets its sights on humanoid robotics and AI. https://t.co/L3rJGKIlug ...