Reference News Network, November 8 report. According to Reuters, San Francisco, USA, November 6 report: On the 6th, Elon Musk, CEO of Tesla, achieved a complete victory, as shareholders approved his $878 billion compensation plan for the next ten years, supporting his vision to transform this electric vehicle manufacturer into an artificial intelligence and robotics giant.

Analysts said that this vote was a positive factor for Tesla's stock price. Despite the damage to the Tesla brand caused by Musk's far-right political statements this year, the company's valuation depends on his vision, which includes achieving fully autonomous vehicles, promoting robot taxis across the United States, and selling humanoid robots.

It was generally expected that Musk would win this vote, as after Tesla moved its registration from Delaware to Texas, the billionaire was allowed to exercise full voting rights on his approximately 15% stake in the company, whereas legal proceedings in Delaware had previously hindered his pay raise proposal. Despite opposition from some major investors, including the Norwegian Sovereign Wealth Fund, the plan was still approved.

The Tesla board had previously stated that if the compensation plan was not approved, Musk might resign.

This voting result will also alleviate investors' concerns. They have been worried that Musk is distracted by his involvement in political affairs and managing other companies, including rocket manufacturer SpaceX and AI startup xAI. The Tesla board and many investors who voted in favor stated that this nearly $1 trillion compensation plan will benefit shareholders in the long term, as Musk must ensure that Tesla achieves a series of important goals to receive this compensation.

Musk's goals for the next ten years include delivering 20 million cars, operating 1 million robot taxis, selling 1 million robots, and achieving core profits of $400 billion. For Musk to receive this compensation, the company's market value must rise in tandem, first increasing from the current $1.5 trillion to $2 trillion, then rising all the way to $8.5 trillion.

Under the new plan, Musk could earn up to $878 billion from Tesla stocks over the next decade. Musk will receive up to $1 trillion in stock, but he must return part of the amount to Tesla.

According to AFP, New York, November 6 report: On Thursday, the new compensation plan for Tesla CEO Elon Musk was passed with more than 75% of the votes at the shareholder meeting held in Austin, Texas, meaning he could potentially earn nearly $1 trillion over the next ten years.

After the vote, a company official also announced that other "key decisions for the company's future" agreed upon by the management before the meeting were also approved.

All three directors seeking re-election were successfully elected.

The shareholder meeting was also broadcast live online. After the results were announced, Musk walked out from the back amid cheers and applause from hundreds of attendees on site.

The world's richest person, with a net worth of about $500 billion, said, "Sincerely thank everyone who supported the management's resolutions. This is not just a new chapter in Tesla's history, but a brand new beginning." He then elaborated on the company's accelerating layout of products and plans in the fields of autonomous driving, robotics, and artificial intelligence.

Since its announcement in September, Musk's new compensation plan has been controversial. (Translated by Lu Di, Lin Xiaoxuan)

On the 5th, some protesters in Austin, Texas, opposed Musk's massive compensation plan. (AFP)

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