Core Insights - The proposed pay package for Tesla CEO Elon Musk could be valued at $1 trillion if performance targets are met over the next decade [1][6] - Shareholders will vote on the pay package by November 5, with the structure involving 12 tranches of stock tied to specific market cap and operational milestones [1][3] Summary by Categories Pay Package Structure - The pay package consists of 12 tranches of stock, each unlocked upon achieving challenging milestones related to market capitalization and operational performance [1][2] - Key milestones include delivering 20 million Tesla vehicles, achieving 10 million active Full Self-Driving (FSD) subscriptions, and reaching various adjusted EBITDA targets ranging from $50 billion to $400 billion [2] Shareholder Sentiment - There is a high likelihood (approximately 90%) that shareholders will approve the pay package due to its shareholder-friendly design, where Musk earns nothing unless he meets the set milestones [3] - Long-time Tesla shareholders recognize Musk's critical role in the company's success, especially during challenging times, which increases the likelihood of their support for the pay package [4] Board and Investor Support - Elon Musk enjoys strong loyalty from Tesla's shareholder base, with historical voting patterns indicating overwhelming support for his compensation packages [5] - The backing of Tesla's board chair and influential investors, such as Cathie Wood, further solidifies the expectation of approval for the pay package [5][7]