Core Viewpoint - CEO Elon Musk is advocating for a $1 trillion pay package that will be voted on by shareholders in November, raising concerns about its legality and implications for corporate governance [1][16][17]. Group 1: Tesla's EV Business Performance - Tesla's Q3 deliveries were solid, but there are concerns about future growth in the EV business, especially in a post-EV tax credit environment [2][4]. - Current estimates suggest Tesla's sales potential is maxed out at around 1.9 million units per year, with projections for next year dropping to approximately 1.6 million cars [3][4]. - Analysts may not be accounting for the declining growth potential, as the company struggles to maintain demand without effective advertising [4][6]. Group 2: Product Affordability and Market Strategy - The introduction of more affordable models is viewed skeptically, as reducing the quality of the product to lower prices does not equate to true affordability [5][6]. - The strategy of diminishing product value to sell at lower prices is seen as a sign of weakness, indicating a disconnect between Tesla's needs and its current actions [6][7]. Group 3: Full Self-Driving (FSD) Technology - There are significant doubts about the viability of Tesla's full self-driving technology, with concerns that it will not be operational as promised [10][13]. - Comparisons are made with competitors like Waymo, which are perceived to be outperforming Tesla's FSD capabilities [12][13]. Group 4: Shareholder Governance and CEO Compensation - The upcoming vote on Musk's pay package is criticized as potentially the most absurd in business history, with concerns about its legality and lack of negotiation [16][17]. - There is skepticism about the board's willingness to challenge Musk, as they are seen as closely aligned with him, leading to poor shareholder governance [19][20].