Overview
- Roughly 75% of votes at Tesla’s annual meeting in Austin backed the performance-based package.
- The plan spans 10 years with 12 tranches tied to financial and operational milestones.
- Key goals include reaching a market capitalization of $8.5 trillion and selling 20 million vehicles.
- If all targets are met, Musk could receive up to an additional 12% of Tesla’s equity, increasing his ownership to roughly 25–29%.
- Major institutional investors including Norway’s sovereign wealth fund and CalPERS opposed the package, while supporters framed it as critical to retaining Musk and advancing AI and robotics ambitions.