Financial Tradeoffs: Dilution Versus Upside from Autonomy

Tesla’s board just asked shareholders to approve a performance award that could pay Elon Musk up to $1 trillion. I break down the letter from Robyn Denholm, the proxy pushback from ISS and Glass Lewis, the Delaware overhang, and the dilution math from opposition filings, then map the vote timeline and what each outcome means for control and strategy.