Musk’s $1 trillion Tesla pay plan draws some protest ahead of likely approval

Tesla's proposed $1 trillion pay plan for CEO Elon Musk has drawn some criticism from a proxy advisory firm, despite the plan's likely approval. The plan, which could potentially make Musk the world's first trillionaire, has been criticized by Institutional Shareholder Services (ISS). ISS argues that the plan does not guarantee Musk's "focus and time remain on Tesla," as the CEO is involved in several other ventures, such as SpaceX and Neuralink. However, Tesla's board has defended the plan, stating that it aligns Musk's interests with those of the company and its shareholders. The plan is structured to incentivize Musk to achieve specific performance milestones, which would lead to the $1 trillion valuation. Despite the criticism, the plan is expected to be approved by Tesla shareholders, as Musk owns a significant stake in the company. The move reflects the company's continued growth and Musk's importance to its success, though concerns remain about his divided attention.