Core Viewpoint - Tesla Inc's annual shareholder meeting is increasingly seen as a referendum on Elon Musk, with a potential $1 trillion stock award at stake that could make him the world's first trillionaire if he meets ambitious goals [1][2] Group 1: Pay Package Details - The proposal allows Musk to earn up to 304 million Tesla shares over the next decade if he can increase the company's market cap sixfold and achieve specific targets [2] - Tesla's board, led by chair Robyn Denholm, argues that a substantial equity prize is necessary to keep Musk focused on Tesla amid his other ventures [2] Group 2: Shareholder Reactions - The California Public Employees' Retirement System (CalPERS) has voted against the pay package, citing it as excessively high compared to peers and a risk of concentrating power [3] - Proxy advisers ISS and Glass Lewis also oppose the package, leading Musk to label them as "corporate terrorists" [3] Group 3: Investor Implications - Regardless of the vote outcome, the situation highlights Tesla's identity crisis, questioning whether it is a carmaker, a robotics empire, or a personality cult centered around Musk [4] - Investors should note that even if Musk achieves the trillion-dollar payout, it hinges on delivering on unprecedented corporate goals, including selling 20 million cars annually and deploying a million robotaxis and humanoid robots [4][5]