Tesla presented the program in its annual proxy statement filed on Sept. 5. A "special committee" headed by chairman Robyn Denholm, former CFO of Juniper Networks, and Kathleen Wilson-Thompson, a top HR exec, designed it, and its description in the documents reads like a subtext for "Hey, Elon, you're demanding all this voting power, you're making promises like Superman, now prove you can fly!" It's important to grasp the context of where Musk's past and current pay schemes stand now. In 2024, a Delaware court invalidated the towering 2018 version that was so successful for both Musk and shareholders. The company and the CEO are now appealing that decision. In early August, Tesla presented a contingency plan that will only take hold if the Tesla side loses the appeal.