Tesla shareholders have approved a decision that has already gone down in corporate history: they approved a $1 trillion compensation package for Elon Musk. This is the largest payout ever approved for the head of a major corporation. According to Bloomberg, the decision received more than 75% of the votes during the annual meeting of shareholders.
The new compensation package could make Musk the first trillionaire in world history and also allow him to increase his stake in Tesla to 25% or more over the next decade. Such an incentive structure is tied to ambitious financial and technological indicators that should turn the company into a leading player in the era of autonomous transportation and artificial intelligence.
To receive the full amount of the reward, Elon Musk must complete a number of strategic tasks, including a significant increase in Tesla's market capitalization, the restoration of dynamics in the automotive sector, as well as the successful implementation of new business areas. These include, first of all, the Cybercab robot taxi and the humanoid robot Optimus, which, according to Musk, will become the driving force of a new stage of human development.
“This is not just a new chapter for Tesla — this is a new book. And this book is dedicated to the exponential growth of car production and the scaling of Optimus faster than ever before in history,” Elon Musk said, speaking to shareholders.
This vote has become critically important for the company itself. Previously, Musk has repeatedly hinted that he may reduce his stake in Tesla or refocus on his other businesses — SpaceX, Neuralink or xAI, if he does not gain greater control over the company. After the decision is made, he is expected to remain at the helm of Tesla and lead the next phase of development related to autonomous transportation, robotics and artificial intelligence.
During the meeting, Musk also outlined plans for the coming years. Among the key initiatives is the construction of the “Tesla terrafactory”, its own microchip production plant, which should provide the company with the necessary capacity to develop autonomous systems. Next year, according to Musk, will be devoted to the development of Optimus, the Tesla Semi electric truck and the Cybercab project, which should revolutionize the field of urban transportation.
Thus, Tesla is entering a new era of its development, where the bet is not only on electric vehicles, but also on the synergy of artificial intelligence, autonomous transportation and robotics - with Elon Musk, who has strengthened his leadership and got a chance to become the first trillionaire on the planet.
e-finance.com.ua
