Core Insights - Tesla has proposed a new executive compensation plan for its CEO, which has been approved by shareholders with over 75% support at a recent meeting [2] - The new plan is based on the framework established in 2018, linking compensation entirely to company market value growth and operational performance, without fixed salary or cash bonuses [2] - The plan sets ambitious market value targets, starting at $2 trillion and culminating at $8.5 trillion, requiring a $7 trillion increase from the current market value of approximately $1.5 trillion [2] Market Value Targets - The first target is to reach a market value of $2 trillion, with subsequent increments of $500 billion for the next nine levels, and the final two levels increasing by $1 trillion each [2] - The ultimate goal of $8.5 trillion represents a significant growth requirement, reflecting the company's high expectations for future performance [2] Operational Performance Metrics - The operational performance metrics include achieving annual vehicle deliveries of 20 million, deploying 1 million robotaxi autonomous vehicles, reaching an EBITDA of $400 billion, and delivering 1 million AI robots [2] - These targets indicate a comprehensive approach to measuring the company's operational success across various key areas [2] Stock Options and Conditions - If all targets are met, the CEO will receive a total of 423,743,904 stock options, representing 12% of the company's current outstanding shares [3] - The stock options will be granted in 12 tranches, with each tranche containing 35,311,992 shares, and will have specific conditions for exercise, including a minimum holding period of five years and continued employment for 7.5 to 10 years [3] - The new plan significantly raises the bar compared to the previous 2018 plan, which had a market value starting point of $100 billion and a maximum target of $650 billion, reflecting the company's long-term growth expectations [3]