Overview
- Investors backed the package by more than 75% at Tesla’s annual meeting in Austin on Thursday.
- The plan spans 10 years across 12 performance tranches tied to financial and operational milestones.
- Targets range from a market valuation as high as $8.5 trillion to selling 20 million vehicles, with early tranches starting near a $2 trillion valuation paired with additional operational goals.
- If fully earned, Musk could receive equity equal to roughly 12% of Tesla’s current shares, potentially lifting his stake from about 12–13% toward roughly 25–29%.
- Supporters including Baron Capital and Florida’s SBA argued the plan aligns rewards with value creation, while Norway’s sovereign wealth fund, New York’s state treasurer, and ISS criticized the scale, dilution risk, and board independence; a separate vote on a potential Tesla investment in xAI was also on the agenda.