Lates News

Analyst Dan Ives of Wedbush analyzed Tesla's latest incentive release research report. The report stated, "In the just-submitted proxy filing, Tesla board members are seeking shareholder approval for a long-term incentive plan for Musk. The plan aims to retain Musk and motivate him to continue in his current leadership role, with the core being a new stock planMusk can only receive corresponding compensation if he achieves 'outstanding financial returns'." The analyst said, "Most of these incentive conditions were already included in our 'Three Step Plan' proposed in early July. At that time, we believed that the Tesla board must take action to ensure Musk remains with Tesla until 2030. Now, the foundation has been laid to support Musk in accelerating the current strategy and seizing future opportunities. This move is a key step in ensuring Musk continues as CEO at least until 2030Tesla is now moving towards one of the most critical stages in its growth cycle, with the future of autonomous driving and robotics technology just around the corner."