"On Thursday, Tesla shareholders approved an unprecedented $1 trillion pay package for CEO Elon Musk. The full compensation plan will go into effect by 2035-assuming Musk and the company successfully hit ambitious financial and production targets. If that happens, Musk will also get control of some 25 percent of the business, up from the 12 percent he controls currently. More than 75 percent of Tesla shareholders approved the move in a preliminary vote."
"To meet its goals, however, Tesla will have to lead in industries well beyond electric cars-and guarantee that Optimus can do much more than dance. It will also have to beat all competitors in autonomous driving technology and robotics. "Tesla will have to be the market leader not just in the US, but also Europe and other regions," says Seth Goldstein, a senior equity analyst at Morningstar, a financial services firm."
"In a call with investors last month, Musk suggested that he would have a hard time pushing Tesla ahead in robotics and autonomy if he didn't have a strong sway over the automaker. "If we build this robot army, do I have at least a strong influence over this robot army?" he asked. "I don't feel comfortable building that robot army unless I have a strong influence.""
Tesla shareholders approved a $1 trillion performance-based compensation package for CEO Elon Musk, to take effect by 2035 if ambitious milestones are met. The plan would increase Musk's stake to about 25 percent from 12 percent and received preliminary approval from over 75 percent of shareholders. Tesla must lead across electric vehicles, autonomous driving, and robotics, including selling 20 million vehicles, sending 1 million robots, operating 1 million robotaxis, achieving a $8.5 trillion valuation, and selling 10 million Full Self-Driving subscriptions over a three-month period, along with other financial targets. Musk cited the need for strong influence to build a robot army.
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