内容来源：https://www.theverge.com/news/815892/tesla-shareholder-vote-elon-musk-pay-trillion-robot

内容总结：

特斯拉股东大会批准马斯克天价薪酬方案，旨在确保其继续领导公司转型。

【本报综合报道】当地时间周四，特斯拉股东大会以超过75%的赞成票通过了首席执行官埃隆·马斯克价值数万亿美元的薪酬方案。此举旨在确保这位颇具争议的领导者能继续执掌正处于重大转型期的汽车制造商。

根据该方案，马斯克将获得超过4.23亿股特斯拉股票，使其持股比例从目前的15%提升至约25%。这不仅是企业史上最大规模的薪酬方案，也将显著增强马斯克对公司的控制力。为获得全额奖励，马斯克需达成一系列严苛目标：在十年内将特斯拉市值从当前的1.5万亿美元提升至8.5万亿美元，同时实现100万辆机器人出租车投入运营、新增1200万辆汽车销量、1000万份全自动驾驶订阅及100万台人形机器人销售。

尽管方案获得通过，但仍遭遇部分机构投资者反对。挪威央行投资管理公司、美国教师联合会等养老基金，以及机构股东服务公司和Glass Lewis等代理咨询机构均对此提出异议。值得注意的是，马斯克此前价值逾500亿美元的薪酬方案曾被特拉华州法院裁定无效，此次投票结果也被视为股东对其领导力的再次肯定。

在奥斯汀举行的股东大会现场，马斯克在舞蹈机器人方阵的环绕中登台，受到支持者热烈欢迎。他宣称："我们即将开启的不仅是特斯拉未来的新篇章，更是一部全新著作。"董事会强调，此项薪酬方案对留住马斯克至关重要，特别是在公司向人工智能和机器人领域转型的关键时期。

然而分析师指出，特斯拉正面临严峻挑战：市场竞争加剧尤其是中国车企的崛起不断挤压其市场份额；联邦电动汽车税收抵免政策到期可能导致销量进一步下滑；其首款机器人出租车服务未达预期，2019年后唯一新品Cybertruck市场反响平平。与此同时，马斯克涉足政治事务引发的争议也对企业形象造成影响。

此次表决结果不仅关乎首席执行官的个人薪酬，更将决定特斯拉在电动化与智能化浪潮中的未来走向。

中文翻译：

特斯拉股东于本周四投票批准了埃隆·马斯克提出的巨额薪酬方案，此举旨在确保这位备受争议的首席执行官在汽车行业剧变时期继续执掌公司。超过75%的参会股份对该提案投下赞成票。

马斯克凭借其持有的巨额股份及忠实的粉丝群体，使得本次投票结果毫无悬念。这项决议不仅赋予马斯克对这家电动汽车公司的绝对控制权，更创下企业史上最高薪酬纪录。最终计票结果预计将于数日内通过美国证券交易委员会文件公布。

当马斯克在奥斯汀的股东大会现场登台时，全场高呼"埃隆"的声浪与翩翩起舞的Optimus机器人交织成热烈场景。"我们将开启的不仅是特斯拉未来的新篇章，更是一部全新的史诗。"他如是宣告。

去年9月由董事会提出的这份薪酬方案，将向马斯克授予逾4.23亿股新增股份，使其持股比例从当前的15%提升至约25%。为获得全额奖励，马斯克需达成一系列里程碑目标：在十年内将特斯拉市值从当前的1.5万亿美元提升至8.5万亿美元，同时部署100万辆机器人出租车，新增1200万辆汽车销量、1000万份全自动驾驶订阅服务及100万台人形机器人。

投票前夕，特斯拉曾警告股东，若巨额薪酬方案未获通过，公司可能面临失去马斯克的风险。这份天价薪酬旨在将其重心拉回电动汽车业务，尽管这位首席执行官似乎更痴迷于打造并掌控"机器人军团"的构想。

该方案遭到特斯拉部分主要股东的反对，包括管理挪威主权财富基金的挪威银行投资管理公司，以及美国教师联合会与纽约市养老基金等公共退休基金。权威代理咨询机构机构股东服务公司与Glass Lewis也均对此提出异议。

马斯克当前价值超500亿美元的薪酬方案去年被特拉华州法院裁定无效，主审法官认为特斯拉董事会缺乏相对于这位亿万富翁CEO的独立性。虽然股东已两次投票通过该巨额薪酬，法官仍维持否决裁决。特斯拉已向特拉华州最高法院提起上诉。这一判决促使马斯克提出将公司注册地从特拉华州迁至得克萨斯州的动议，此项提议亦获股东批准。

在董事会持续传递"特斯拉正站在人工智能与机器人技术革命前沿"讯号的同时，这份新薪酬方案凸显出公司对马斯克掌舵的依赖。然而现实是，特斯拉正面临前所未有的挑战：马斯克对特朗普总统的支持及其在政府效率部门裁撤数万联邦雇员、取消人道援助计划的行为，已引发全国性抗议浪潮及销量锐减。随着联邦电动汽车税收抵免政策到期，销量预计将进一步下滑。

马斯克能否实现薪酬方案中设定的宏伟目标，日益与其技术路线产生矛盾。尽管今年初在得州奥斯汀推出了首款机器人出租车服务，但实际运营效果远未达到其早年预言。所有运营车辆仍配备安全监测员（马斯克声称年底前可移除），而2020年以来唯一新品Cybertruck已被普遍视为市场败笔。与此同时，来自其他车企（特别是中国制造商）的竞争正不断挤压特斯拉的市场份额与资源储备。

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英文来源：

Tesla shareholders voted Thursday to approve Elon Musk’s staggering new pay package, in a move aimed at retaining the controversial CEO’s leadership during a time of great upheaval for the automaker. Over 75 percent of shares voted in favor of the proposal.
Tesla shareholders approve Elon Musk’s $1 trillion pay package
Musk’s extensive holdings, plus his loyal fan base, meant the vote was never really in doubt.
Musk’s extensive holdings, plus his loyal fan base, meant the vote was never really in doubt.
The vote gives Musk enormous sway over his electric vehicle company, as well as awards him with the largest corporate payout in history. The final tally is expected to be disclosed in a Securities and Exchange Commission filing in a few days.
Musk took the stage at the shareholder meeting in Austin to chants of “Elon! Elon!” and flanked by dancing Optimus robots. “What we’re about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book,” he said.
The proposed pay package, which was put forward by the board last September, would award Musk more than 423 million additional shares, increasing his stake to about 25 percent from its current level of 15 percent. In order to receive the full compensation, Musk would need to achieve a series of milestones, including raising Tesla’s market capitalization from its current $1.5 trillion to $8.5 trillion in 10 years. Musk must also put into service 1 million robotaxis and sell 12 million more cars, 10 million Full Self-Driving subscriptions, and 1 million humanoid robots.
In the run-up to the vote, Tesla warned shareholders that a failure to approve the enormous payout would risk losing Musk to other endeavors. The compensation package is aimed at luring him back to the EV company, even though Musk seems more motivated by the idea of creating — and controlling — a “robot army.”
Musk would need to achieve a series of milestones, including raising Tesla’s market capitalization from its current $1.5 trillion to $8.5 trillion in 10 years.
The vote was opposed by some of Tesla’s largest shareholders, including Norges Bank Investment Management, which manages Norway’s sovereign wealth fund, as well as some smaller public pension funds, such as the American Federation of Teachers and various New York City retirement systems. Major proxy advisory firms Institutional Shareholder Services and Glass Lewis have also come out against the pay proposal.
Musk’s current compensation package, valued at more than $50 billion, was invalidated by a Delaware court last year after a judge found that Tesla’s board lacked sufficient independence from the billionaire CEO. Shareholders had voted twice to approve the hefty compensation, but the judge still upheld her ruling blocking it. Tesla has appealed the decision to the Delaware Supreme Court. The ruling spurred Musk to engineer a proposal to move Tesla’s legal home from Delaware to Texas, which shareholders also approved.
The new award comes as the board continues to push the message that Tesla is on the cusp of becoming a leader in AI and robotics, requiring Musk’s steady hand on the helm. In reality, Tesla’s position is shakier than ever. Musk’s support for President Donald Trump and his work at the Department of Government Efficiency to fire tens of thousands of federal workers and cancel humanitarian aid programs spawned a nationwide protest movement and a steep drop in sales. The expiration of the federal EV tax credit is expected to lead to an even further drop in sales.
Whether Musk can achieve these audacious goals set out in the pay package seems increasingly at odds with his approach to the technology. Tesla rolled out its first robotaxi service in Austin, Texas, earlier this year — although the service fell short of Musk’s earlier predictions. The cars still all feature safety monitors, either in the driver or passenger seat — though Musk has said they could be removed by the end of the year. The company’s only new product since 2020, the Cybertruck, has widely been considered a consumer flop. And competition from other automakers, especially those in China, has been shrinking Tesla’s market share and sapping its resources.
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