“Tesla Takedown” protesters hold signs outside Elon Musk’s Tesla Diner. ZUMAPRESS.com Under the proposed 10-year compensation plan for Musk, his payout would be tied to several lofty milestones. Those include selling 20 million vehicles, delivering 1 million humanoid robots and growing Tesla’s market value more than eightfold, to an eye-popping $8.5 trillion. Musk has warned Tesla’s board that he would abandon the EV maker to “pursue his other interests” unless he secured about 25% voting control and was “fully paid for his past services,” according to a proxy filing from last month obtained by Bloomberg. Shareholders are slated to vote on the pay package during Tesla’s annual meeting in Austin on Nov. 6. Wedbush Securities analyst Dan Ives said in Wednesday night note that he believes the package “will be approved by a wide margin despite some opposition” as the automaker angles to keep Musk “as a war-time CEO.” Also on Wednesday, Tesla said operating income plunged 40% in the third quarter and disclosed more than $400 million in tariff-related costs. Its operating expenses skyrocketed 50%, to $3.4 billion. Shares in Tesla fell 3.8% Thursday morning. The stock is up 11.1% so far this year. Filed under