Alexandra, this paves the way for Elon Musk to take his stake in Tesla to 25% over the course of the ten years. Could you just explain what the sentiment was like last night into this morning about how comfortable investors feel handing over that control to Elon Musk and the belief that you do or do not have that he can hit the milestones that have been set for him by the board. Oh, I'm very confident that he will hit the milestones.It's shown us before what is possible. Nothing's never easy, but if you set ...

Alexandra, this paves the way for Elon Musk to take his stake in Tesla to 25% over the course of the ten years. Could you just explain what the sentiment was like last night into this morning about how comfortable investors feel handing over that control to Elon Musk and the belief that you do or do not have that he can hit the milestones that have been set for him by the board. Oh, I'm very confident that he will hit the milestones.It's shown us before what is possible. Nothing's never easy, but if you set ...

$1 trillion or must walks. Is that really what's on the line this evening. No, frankly, you know, the structure of the proposed package is complicated.It is a ten year proposal split into two tranches. And all told, the total compensation would be $1 trillion in dollar value. Right.But actually, what it is set against is a series of both operational and financial milestones. The operational ones are easy to understand. Musk has to deliver 20 million vehicles to customers, build a million robots, scale robot ...

$1 trillion or must walks. Is that really what's on the line this evening. No, frankly, you know, the structure of the proposed package is complicated.It is a ten year proposal split into two tranches. And all told, the total compensation would be $1 trillion in dollar value. Right.But actually, what it is set against is a series of both operational and financial milestones. The operational ones are easy to understand. Musk has to deliver 20 million vehicles to customers, build a million robots, scale robot ...

October 30, 2025 03:06 PM GMT We reiterate our OW on TSLA and note our bull case remains $800. | M October 30, 2025 03:06 PM GMT Tesla Inc North America What if Elon's Comp Package | Morgan Stanley & Co. LLC Adam.Jonas@morganstanley.com | Idea +1 212 761-1726 | | --- | --- | --- | | | Adam Jonas, CFA | | | | Equity Analyst | | | | Andrew S Percoco | | | Doesn't Pass? | Equity Analyst Andrew.Percoco@morganstanley.com | +1 212 296-4322 | | | Daniela M Haigian | | | | Equity Analyst | | | | Daniela.Haigian@mor ...

We start with Tesla and Musk. I think you've articulated that you don't have exposure across the US, particularly to Tesla. Is that because of the role Musk plays or other things.Good morning and thank you for having me. No, that's not really defined. Specific are ETFs or in the quantum computing space.Right. And six G which is the next gen of communication really. So it's just that we don't happen to, you know, track the the space or that particular product within within those funds.But that being said, yo ...