Core Viewpoint - Tesla's board has proposed a new compensation plan for Elon Musk, potentially worth up to a trillion dollars, to ensure his continued leadership for at least another decade, which has sparked widespread debate and concern [1][3]. Compensation Plan Details - The new compensation plan is designed to secure Musk's commitment for the next ten years, with a core goal of achieving astronomical returns [5]. - To fully realize the compensation, Tesla must reach a market value of $8.5 trillion, which is nearly eight times its current valuation [5]. - The profit target is set at $400 billion, requiring a nearly 24-fold increase from projected 2024 profits [5]. - The plan includes ambitious product delivery goals: 20 million Tesla vehicles, 10 million Full Self-Driving (FSD) subscriptions, 1 million Tesla robots, and 1 million operational Robotaxis [5]. Shareholding and Wealth Implications - If all targets are met, Musk's shareholding could increase from 13% to approximately 25%, with the additional 12% valued at around $1 trillion [7]. - This compensation plan could make Musk the world's first trillionaire, with estimates suggesting he could still earn between $20 billion to $40 billion even if only partial goals are achieved [7]. Opposition and Concerns - The proposed compensation has faced significant criticism, with some analysts deeming it excessively high and potentially dilutive to existing shareholders [7]. - Concerns have been raised that the promised returns may not outpace inflation or match the performance of the S&P 500, with suggestions that other capable CEOs could achieve similar growth at a lower cost [7]. Musk's Defense and Support - Musk has defended the plan, asserting that Tesla's market value surpasses that of all other automakers combined, emphasizing his unique contributions [9]. - Supporters, including Tesla's official account and prominent investors like Cathie Wood, predict the plan will pass overwhelmingly, similar to the 2018 compensation plan [10]. Upcoming Decision - The final decision on the compensation plan will be made at Tesla's shareholder meeting on November 6, where Musk has hinted at unveiling new product roadmaps, including the long-awaited new Roadster [10].