On November 7, Tesla shareholders approved a $1 trillion pay package for CEO Elon Musk, contingent on the company reaching a market value of $8.5 trillion and selling 20 million cars by 2035. To meet this target, Tesla must sell 12 million cars in the next decade, a significant increase from its total of 8 million cars sold in 17 years. The approval comes as Tesla struggles with declining sales and increasing competition, especially from Chinese automakers like BYD, which have gained market share in Europe and Asia. Tesla's sales have dropped in the U.S. and Europe, and it faces challenges in emerging markets where local competitors dominate. Analysts suggest that Tesla's future success hinges on its ability to adapt its production and sales strategies to compete effectively in these regions.