"Last week, Tesla shareholders approved an enormous $1 trillion pay package for its controversial CEO Elon Musk. While that may sound like an Earth-shattering amount of cash, the compensation plan will only be paid out if the EV maker achieves some extremely ambitious company goals - like delivering 20 million Tesla vehicles and one million robots over the next ten years."
"That's not to mention boosting the company's $1.4 trillion market value to an astronomical $8.5 trillion. And given the firm's current state, with sales continuing to plummet and Tesla posting its fourth consecutive quarterly decline last month, that's going to be an even steeper uphill battle than at face value. It sounds like nerves inside the company are shaky as well. As Business Insider reports, Tesla's AI teams"
Tesla shareholders approved a $1 trillion compensation package for CEO Elon Musk that vests only if the company meets extreme targets, including delivering 20 million vehicles and one million robots in ten years and raising market value from $1.4 trillion to $8.5 trillion. Sales are declining, with Tesla posting a fourth consecutive quarterly drop, making the goals harder to reach. AI chief Ashok Elluswamy warned teams that 2026 will be the "hardest year," and Optimus humanoid development is lagging after its lead left. The robotaxi rollout has faced software issues and accidents, and worker pressures and harsh conditions persist.
Read at Futurism
Unable to calculate read time
Collection
[
|
...
]