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Don't remind me again today

Elon Musk's exorbitant compensation plan has finally been settled.



The results of Tesla's shareholder meeting held on November 6 have been released: 75% of shareholders agreed to the compensation package that could reach up to $1 trillion (provided that various targets are met). Upon hearing the news, TSLA rose by 3%.

But this matter was not passed with full support. The opposition's reasons are also quite strong: the consulting firm Glass Lewis bluntly stated that this is a "record-high price" that may excessively dilute shareholder rights. Additionally, safety advocates warn that such incentives could push Musk to rush the deployment of self-driving cars and Robotaxi that have not yet been fully verified for safety.

How ambitious is the goal? Musk needs to push Tesla's market value from the current $1.5 trillion to over $8.5 trillion in order to fully unlock it. This basically means: either I grow the company tenfold, or I won't get a dime.

Interestingly, after the shareholder vote, TSLA dropped from 434 to 412. Do you all think this move is optimistic or pessimistic?
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