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For all the headlines about an on-off relationship with Donald Trump, baiting liberals and erratic behaviour, Tesla shareholders are loath to part with Elon Musk.Investors in the electric vehicle maker voted on Thursday to put the world’s richest person on the path to become the world’s first trillionaire, despite the controversy that is now seemingly intrinsic to his public profile.Shareholders approved the $1tn compensation plan, which could yield the largest corporate payout in history if he meets a seri ...

Core Viewpoint - Tesla shareholders have overwhelmingly approved a substantial pay package for CEO Elon Musk, potentially reaching $1 trillion, to ensure his continued leadership as the company advances in artificial intelligence and robotics [2][3]. Shareholder Support - The pay package received more than 75% support from shareholders during the annual meeting, indicating strong backing for Musk's leadership [2]. - Musk expressed gratitude for the support, highlighting the positive reception from shareholders at the meeting held in Austin [2]. Musk's Ownership and Influence - The package is designed to increase Musk's ownership stake in Tesla from approximately 12% to potentially over 25% over the next seven-and-a-half years [3]. - Musk has indicated that he may consider stepping back from Tesla if his ownership stake does not provide him with sufficient influence over the company's future [4]. Future Growth Potential - Musk has articulated a vision for Tesla's growth, suggesting it could become "the most valuable company in the world" if it successfully implements advancements in autonomous driving and AI [4]. - Tesla Chair Robin Denholm emphasized the importance of retaining Musk for the company's future, warning that his departure could negatively impact stock performance [5]. Compensation Structure - The pay package is contingent upon Musk achieving 12 milestones related to market capitalization, with the first milestone set at a $2 trillion market value, up from the current $1.5 trillion [11]. - The plan includes operational profit and product delivery goals, such as delivering 20 million Tesla vehicles [11]. Criticism and Support - Activist group Tesla Takedown criticized the approval of Musk's pay package, citing declining auto sales and safety concerns [10]. - Analyst Dan Ives from Wedbush expressed that the shareholder vote reinforces Musk's position as Tesla navigates the AI revolution, enhancing confidence in the company's future [10]. Historical Context - Tesla investors have previously supported Musk's pay packages, including a 2018 deal worth approximately $55.8 billion, which faced legal challenges [8]. - Following a recent ruling from Delaware, Tesla's board revised Musk's compensation, first approving an interim award of about $29 billion before introducing the larger plan [9].

Core Points - Elon Musk could potentially receive a $1 trillion pay package if Tesla meets ambitious targets over the next decade [1] - The plan was approved by 75% of Tesla's shareholders, indicating strong support for Musk's leadership [1] - Musk is required to deliver 20 million Tesla vehicles and roll out one million AI-powered robots, which presents significant challenges [1][4] - The agreement includes a succession plan for Musk's replacement as CEO, emphasizing the importance of his leadership [4] Company Performance and Strategy - Tesla aims to innovate in robotics, self-driving technology, and artificial intelligence, with Musk seen as the key to achieving these goals [7] - The company's market value is closely tied to its ambitions in AI and robotics, making Musk's leadership critical during this transformative period [8] Investor Sentiment - Some investors and advisory firms, like Institutional Shareholder Services (ISS), have expressed concerns about the pay package, suggesting it may limit the board's ability to adjust future pay levels [10] - ISS also noted that the ambitious goals lack precision, which could undermine Musk's motivation to achieve them [10] - Despite opposition, the board believes that incentivizing Musk is essential for navigating a crucial time in Tesla's history [8]

Core Points - Tesla's CEO Elon Musk has secured a record $1 trillion pay package, the largest ever granted to a corporate leader, approved by shareholders on November 6 [1] - The pay package aims to ensure Musk's commitment to Tesla for at least 7.5 years and could increase his ownership stake from approximately 12% to over 25% [2] - Musk believes Tesla has limitless growth potential and aims to make it the most valuable company globally through advancements in autonomous driving and AI [3] Shareholder Support - The compensation plan received over 75% support from shareholders during the annual meeting [2] - Historically, Tesla shareholders have supported Musk's compensation, including a previous package worth around $55.8 billion [5] Company Performance and Challenges - Activist group Tesla Takedown criticized the pay package, citing a decline in vehicle sales and safety concerns [6] - Musk's compensation is tied to achieving 12 milestones related to Tesla's market capitalization, with the first milestone set at a valuation of $2 trillion [6] Board's Position - Tesla Chair Robin Denholm emphasized the importance of retaining Musk for the company's future, warning of potential stock drops if he were to leave [4] - The board has faced criticism regarding Musk's political associations but has dismissed concerns about their impact on sales [4]

Core Insights - Elon Musk could potentially receive a $1 trillion pay package if Tesla meets ambitious targets over the next decade [1] - The plan requires Tesla to produce 20 million vehicles and roll out one million AI-powered robots [2] - Musk's current ownership stake could increase from 13% to nearly 29% as he meets these targets [2] Group 1: Company Goals and Targets - Tesla aims to innovate in robotics, self-driving technology, and artificial intelligence, with a significant portion of its market value tied to these ambitions [5] - The board believes Musk is essential for achieving these lofty goals, emphasizing that he is the only leader capable of steering Tesla through this critical period [6] - Approval of Musk's pay package is seen as a crucial step towards advancing Tesla's future objectives [7] Group 2: Investor Perspectives - Institutional Shareholder Services (ISS) expressed concerns that the 10-year pay agreement limits the board's ability to adjust pay levels in response to unforeseen events [8] - ISS also noted that the high value of each pay tranche could undermine Musk's motivation to achieve all goals, citing a lack of precision in the targets [9] - Musk has criticized ISS and another advisory firm, Glass Lewis, labeling them as "corporate terrorists" amid speculation that he might leave the company if the pay package was not approved [9]

It’s official: Elon Musk is on track to become the world’s first trillionaire. Tesla shareholders approved a new executive pay package Thursday afternoon that would give Musk nearly $1 trillion in stock over the next decade, a record-shattering deal for the world’s richest man. The total award depends on whether Musk can meet ambitious performance targets for the struggling electric-vehicle company, including growing Tesla’s market cap to $8.5 trillion—a more than 500% increase from today’s valuation. The ...

$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 ...

Tesla shareholders voting on whether to give Elon Musk a pay package worth up to a trillion dollars, rivaling uh Philos package. He joins us now with more at CNBC. >> I would not be sitting here. I would not be sitting here if I had a trillion dollar pay package.Uh look, most believe that this is going to be approved. Uh remember Elon Musk himself, who has 15% of the shares of Tesla, he can vote as part of this. This is not where he's restricted from uh voting his shares.So, he's going to obviously vote. An ...

Core Viewpoint - The article discusses the upcoming vote by Tesla shareholders on Elon Musk's unprecedented $1 trillion pay package, which is designed to retain him for achieving significant technological advancements [3][4]. Company Overview - Tesla's board, led by Chair Robin Denholm, supports the pay package, emphasizing Musk's critical role in the company's future and potential value [4][5]. - The package could increase Musk's shareholding from over 12% to more than 25%, reflecting his influence over Tesla's direction [6]. Financial Metrics - Musk's pay package is contingent upon achieving 12 performance milestones related to market capitalization, with the first milestone set at a $2 trillion market value for Tesla [8]. - The plan includes operational profit and product delivery goals, such as delivering 20 million Tesla vehicles, and aims to ensure Musk remains with the company for at least 7.5 years [9]. Stakeholder Reactions - There is significant opposition to the pay package, with advisory firms like Glass Lewis and ISS criticizing its rationale and potential impact on company focus [10][11]. - Major shareholders, including Norway's sovereign wealth fund, have expressed concerns about the size of the award and its implications for shareholder value, voting against the proposal [12]. Public Sentiment - Activists are organizing protests against the pay package, arguing that the amount is excessive and detrimental to democratic values [7]. - Florida state officials have endorsed the plan, highlighting Musk's track record in creating equity value and labeling the package as a "gold standard" for executive compensation [13].