根据日程安排，马斯克的新薪酬计划将于下周四（11月6日）进行股东表决。其此前明确表示，如果薪 酬方案被否决，他可能会离开特斯拉或辞去CEO职务。摩根士丹利警告称，如果马斯克的薪酬方案在股 东大会上被否决，特斯拉股价可能立即遭遇超过10%的抛售，并给公司的战略未来蒙上阴影。 马斯克的关键一战 根据日程安排，马斯克的新薪酬计划将于下周四（11月6日）进行股东表决，若获通过，这将成为企业 史上规模最大的薪酬方案。 马斯克与特斯拉即将迎来关键时刻。 据最新消息，美国最大的公共养老金计划——加州公务员退休系统（CalPERS）正计划投票反对特斯拉 CEO马斯克价值1万亿美元的薪酬计划，这对特斯拉公司试图为马斯克授予美国企业史上最丰厚薪酬方 案之一的计划构成了阻碍。媒体数据显示，CalPERS持有约500万股特斯拉股票。 据悉，这场股东大会将对三个关键提案投票，其中包括，马斯克的薪酬方案、股权激励计划及董事选 举。 有分析指出，投票结果将成为特斯拉命运的分水岭，将决定特斯拉在自动驾驶、人工智能与机器人赛道 的长期战略走向。 若马斯克能在未来十年内完成一系列雄心勃勃的营收与产品目标，他将获得高达1万亿美元的薪酬。 美国教师 ...

Core Points - The upcoming Tesla shareholder meeting on November 6 will determine the fate of Elon Musk's $1 trillion compensation plan, which is crucial for Tesla's long-term strategy in autonomous driving, artificial intelligence, and robotics [1] - The vote will cover three key proposals: Musk's compensation plan, an equity incentive plan, and board elections, with the outcome potentially impacting Tesla's future direction [1][2] - If approved, Musk could receive stock rewards valued at up to $1 trillion, but if rejected, he has indicated he might leave Tesla or resign as CEO [1] Summary by Sections Compensation Plan - Musk's compensation plan is structured as a high-stakes wager rather than traditional salary, with 12 performance milestones tied to stock rewards [4] - Achieving all goals could increase Musk's stake in Tesla from 13% to nearly 25%, significantly enhancing his control over the company [7] - The plan includes ambitious targets such as delivering over 12 million electric vehicles annually and achieving a market cap of $8.5 trillion [4][5] Governance and Shareholder Concerns - Institutional investors and shareholder advisory firms have raised concerns about the $1 trillion compensation plan, arguing it could dilute shareholder equity and reflects governance issues [2] - Critics emphasize the close relationship between Tesla's board and Musk, questioning the independence of the board in approving such a high compensation [2] Financial Performance - Tesla's recent Q3 financial report showed record revenue but lower-than-expected profits, attributed to the introduction of lower-priced models and increased operational costs [5] - This financial performance may influence shareholder support for Musk's compensation plan, as concerns about short-term profitability could arise [5] Strategic Implications - The compensation plan is seen as a way to bind Musk to key technological investments, ensuring Tesla remains competitive in the long-term [6] - The focus has shifted from traditional automotive manufacturing to AI and autonomous driving, with the FSD subscription service viewed as a second growth curve for the company [6] - Tesla's board aims to accelerate technological advancements through high-stakes goals, which are critical for gaining regulatory approval and market acceptance [6] Broader Vision - Musk has articulated a vision for transforming transportation through autonomous driving and robotics, suggesting that these technologies could lead to a world without poverty [8] - He believes Tesla possesses all necessary elements for success in real-world AI, positioning the company as a leader in this field [8]

Core Viewpoint - Tesla's recent stock price increase is attributed to Elon Musk's purchase of 2.5 million shares, signaling confidence in the company's future and its AI initiatives [3][4]. Group 1: Stock Performance and Market Reaction - Tesla's share price rose by approximately 5.5% following the announcement of Musk's share purchase [2]. - The market capitalization of Tesla is currently $1.346 trillion, with projections suggesting it could reach $2 trillion by mid-2026 under a bullish scenario [4]. Group 2: Insider Confidence and Analyst Opinions - Analysts view Musk's insider purchase as a significant sign of confidence for Tesla, with some believing it indicates a commitment to the company's AI strategy [3][4]. - The consensus price target among analysts suggests a potential 20% decline from current levels, indicating mixed sentiments despite the positive short-term reaction [8]. Group 3: Future Projections and Operational Goals - Musk's new pay package proposal is tied to ambitious operational milestones, including delivery targets for Tesla vehicles and advancements in full self-driving (FSD) subscriptions [5][6]. - The successful pivot towards autonomous driving and AI is seen as crucial for Tesla's long-term growth and investor confidence [9].

Core Viewpoint - Tesla has proposed an ambitious compensation plan for CEO Elon Musk, which could potentially make him a trillionaire if fully realized, contingent on achieving significant market capitalization milestones [1][2]. Compensation Plan Details - The new tiered compensation plan could grant Musk an additional 423.7 million shares of Tesla, valued at approximately $143.5 billion based on recent closing prices [2]. - To receive the full stock allocation, Tesla's market capitalization must reach a series of thresholds, starting at $8.5 trillion, which is eight times its current value [2][4]. - The plan is similar to the controversial 2018 compensation package but is significantly more challenging, requiring a leap from a $59 billion market cap to $8.5 trillion [4]. Shareholder Voting and Issuance - Tesla shareholders will vote on this proposal at the upcoming meeting on November 6, and if approved, the company will issue an additional 423.7 million shares on top of the existing 3.2 billion shares [3]. - The proposal also includes a vote on whether to invest in xAI, another company associated with Musk [3]. Performance Metrics - The 2025 compensation plan consists of 12 tranches, each representing 1% of Tesla's equity, with a total duration of 10 years [5]. - The minimum market capitalization target starts at $2 trillion, increasing by $500 billion for each subsequent tranche, culminating in a final target of $6.5 trillion [6]. - Each tranche's stock grant is contingent upon meeting both market capitalization and operational performance milestones [7]. Control and Ownership Implications - If the 2025 plan is fully realized, Musk's control over Tesla could increase to 32%, although it may ultimately settle around 25% after accounting for taxes and dilution [13]. - The plan is designed to enhance Musk's control over the company, which he views as critical in the face of potential threats from aggressive investors or acquisitions [10][14]. Historical Context - Tesla's previous compensation plans have faced legal challenges, with the 2018 plan currently under appeal after being rejected by a Delaware court [11]. - A temporary payment of approximately $30 billion in stock was granted to Musk last month, increasing his ownership from 13% to 16% [12].

Core Viewpoint - Tesla has proposed an ambitious new compensation plan for CEO Elon Musk, which could potentially make him a trillionaire if fully realized, contingent on meeting significant market capitalization milestones [1][2]. Group 1: Compensation Plan Details - The new performance-based compensation plan could grant Musk up to 423.7 million shares of Tesla stock, valued at approximately $143.5 billion based on recent closing prices [1][5]. - The plan requires Tesla's market capitalization to reach a series of thresholds, starting at $2 trillion and culminating at $8.5 trillion, which is significantly higher than previous targets [4][5]. - The 2025 plan mirrors the 2018 plan but is considerably more challenging, requiring a market cap increase from $590 billion to $8.5 trillion, a difference of one order of magnitude [2]. Group 2: Performance Metrics - The compensation is structured in 12 tranches, with each tranche representing 1% of the adjusted share count, and requires achieving both market capitalization and operational milestones [3][5]. - The operational milestones include adjusted EBITDA targets starting at $50 billion and reaching up to $400 billion, alongside specific product delivery goals such as delivering 20 million vehicles and achieving 10 million active FSD subscriptions [6][8]. Group 3: Shareholder Impact - If approved, the plan would lead to the issuance of an additional 423.7 million shares, increasing the total share count from 3.2 billion to 3.6 billion [1][5]. - The plan is expected to enhance Musk's control over Tesla, potentially increasing his ownership stake from 16% to 32% if the 2025 plan is fully realized and the ongoing legal issues are resolved in Tesla's favor [9][10].