Elon Musk's record-breaking pay package, potentially worth nearly US$1 trillion, has been approved by Tesla shareholders, with 75% of votes in favor at the company's annual general meeting. The deal, which could see Musk receive hundreds of millions of shares if certain ambitious targets are met, has sparked criticism but was justified by the Tesla board as necessary to retain Musk’s leadership.
Musk’s objectives for the next decade include boosting Tesla’s market value from US$1.4 trillion to US$8.5 trillion and launching a million self-driving Robotaxi vehicles. While these goals are ambitious, Musk’s focus during the meeting shifted towards the company’s Optimus robot, rather than the core electric vehicle business, causing concern among analysts. However, he did later reference Tesla’s full self-driving (FSD) feature, which is under investigation by U.S. regulators for safety concerns.
Despite Tesla’s recent stock rise, concerns persist about the company's financial health, the future of humanoid robots, and competition in the robotaxi sector. Some investors, including Ross Gerber, have reduced their stakes in Tesla due to worries over Musk’s public persona and its effect on the brand. Meanwhile, analysts like Dan Ives remain confident in Musk's leadership, especially regarding Tesla’s AI-driven future.
Musk’s objectives for the next decade include boosting Tesla’s market value from US$1.4 trillion to US$8.5 trillion and launching a million self-driving Robotaxi vehicles. While these goals are ambitious, Musk’s focus during the meeting shifted towards the company’s Optimus robot, rather than the core electric vehicle business, causing concern among analysts. However, he did later reference Tesla’s full self-driving (FSD) feature, which is under investigation by U.S. regulators for safety concerns.
Despite Tesla’s recent stock rise, concerns persist about the company's financial health, the future of humanoid robots, and competition in the robotaxi sector. Some investors, including Ross Gerber, have reduced their stakes in Tesla due to worries over Musk’s public persona and its effect on the brand. Meanwhile, analysts like Dan Ives remain confident in Musk's leadership, especially regarding Tesla’s AI-driven future.
