Tesla shareholders delivered a strong endorsement of Elon Musk’s new compensation plan, with more than 75% voting in favor. The package could grant Musk up to $1 trillion in stock over 10 years, contingent on hitting aggressive market-cap and execution targets. Coverage: CNN.

• Valuation hurdle: Plan requires Tesla to reach an approximate $8.5T market cap—~550% above today’s value and ~70% above Nvidia’s record.
• Operational milestones: Targets include 20M vehicle deliveries, 1M commercial robotaxis, and 1M humanoids sold.
• Ownership impact: Hitting targets could add roughly 12% to Musk’s stake, further increasing voting control.
• Despite pushback: Proxy advisors Glass Lewis and ISS opposed the plan over dilution and key-person risk, but shareholders approved it.

Why it matters: If Musk executes, Tesla would need to scale far beyond today’s output and deliver on robotaxis and humanoids—bets that remain unproven at mass scale. The vote signals investor willingness to trade dilution for an audacious growth story that could, in theory, make Musk the world’s first trillionaire.