Tesla (TSLA) Holds Steady as Musk’s $1 Trillion Pay Plan Wins Shareholder Approval

Tesla, Inc. (NASDAQ:TSLA) is one of the Trending AI Stocks on Wall StreetOn November 10, William Blair reiterated the stock as “Market Perform,” stating that the stock is fairly valued at current levels.

“Tesla shareholders are taking a sigh of relief after Elon Musk’s new performance package was approved, securing him at the helm for the foreseeable future.”

Tesla has recently revealed that its shareholders voted in favor of CEO Elon Musk’s almost $1 trillion pay plan. The performance package is one of the most extensive compensation package ever awarded in any sector.

While the package may seem attractive, Musk can receive the full payout only if Tesla achieves extraordinary performance levels. This includes an $8 trillion market cap within a decade. The plan is structured into 12 trenches, and each tranche unlocks only when two conditions are met simultaneously.

As per a Reuters report, Musk can still score tens of billions of dollars without meeting most of the targets laid out for him by the board. The pay plan also does not put any limit on Musk’s political activity, and there isn’t a minimum amount of time that Musk must spend working at Tesla.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

While we acknowledge the risk and potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.