Tesla CEO Elon Musk is set to embark on an unprecedented corporate mission after shareholders on Thursday voted to reinstate his monumental $1 trillion compensation package. The move, a resounding show of confidence in his leadership, immediately triggered a celebratory dance from the billionaire on stage and a bold declaration of his intent to build a “robot army” aimed at eradicating poverty through hyper-automation.
The approval, backed by over 75% of voting shareholders at the company’s annual meeting, concludes a period of uncertainty for the electric vehicle giant. The package had been voided by a Delaware judge earlier this year, prompting Musk to hint at potentially developing artificial intelligence and robotics projects outside of Tesla.
“We are not just starting a new chapter for Tesla’s future, but a whole new book,” Musk told a cheering audience immediately after the vote. He swiftly pivoted to his grand vision, stating that the capital and resources unlocked would accelerate the development of autonomous “robotaxis” and humanoid “Optimus” robots. Musk claims this fleet, which he colloquially refers to as a “robot army,” will revolutionize manufacturing and services, creating untold wealth and fundamentally addressing global poverty.
The Path to a Trillion
The approved package is not a direct cash payment but a performance-based stock option grant. To fully vest the award, making him the world’s first trillionaire, Musk must guide Tesla to a series of staggering milestones over the next decade. The key targets include escalating Tesla’s market valuation to $2 trillion, delivering 20 million vehicles cumulatively, tripling the company’s operating profit, and successfully launching a fleet of one million robotic taxis.
This latest India news and global business development underscores the high-stakes bet shareholders are making on Musk’s long-term strategy. Even partial success would yield a colossal payout. Company filings indicate that achieving any two of the primary operational goals—such as an 80% increase in market cap paired with a doubling of vehicle sales—could grant Musk Tesla shares worth approximately $50 billion.
The announcement served as a immediate catalyst for the market, with Tesla shares climbing 1.8%
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