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  "documentTitle": "Tesla | Shareholder Engagement Presentation Deck | 30 slides",
  "authorId": "tesla",
  "authorName": "Tesla",
  "documentKindSlug": "shareholder-letter",
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  "presentationDate": "2024-05-01 00:00:00",
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  "notes": "Uses a causal logic flow to demonstrate alignment between CEO compensation and shareholder value.",
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      "text": "The 2018 Award was aligned with stockholders' interests. Because Elon is required to hold shares for five years after exercising options, he remains incentivized to drive value for stockholders. The 2018 Award was comprised of options, not RSUs.",
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      "text": "If Elon hits ambitious targets, creating extraordinary value for stockholders -> Elon receives stock options commensurate with that achievement. If Elon fails to achieve the ambitious growth targets -> Elon receives ZERO compensation",
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      "text": "Board approved 2018 Award after lengthy design process led by outside directors on Compensation Committee",
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      "text": "Elon's only opportunity to receive any compensation at all for his work and leadership would come from delivering transformative growth and extraordinary value to stockholders in 10 years' time. He did it in 5 years.",
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      "kind": "title",
      "text": "In 2018, Tesla's Compensation Committee Designed a CEO Performance Award 100% Aligned with Stockholder Interests",
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      "name": "Cost Of Inaction",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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