"Twenty million Tesla vehicles and one million robots must be delivered over a decade. Tesla's market cap must also rise, first to $2 trillion from the current $1.4 trillion, and then eventually to $8.5 trillion. Musk's award is not dependent on hitting every milestone, though. He will receive payment for each one achieved. He only gets the full $1 trillion (in Tesla stock) if he hits every target."
"The figures are ambitious, and Musk, accompanied by a dancing Optimus robot, told shareholders that he expects the firm's droid to be a fundamental part of the company's future. He said: "I think it's going to be the biggest product of all time, by far. "I think there could be tens of billions of Optimus robots out there." Musk became Tesla's largest shareholder and chairman in 2004, before assuming the role of CEO in 2007."
Tesla granted CEO Elon Musk a compensation package with a possible value of $1 trillion contingent on ambitious operational and market milestones. Shareholders approved the plan with over 75% support despite criticism from some investors. Milestones include delivering twenty million vehicles and one million robots within ten years and raising market capitalization to $2 trillion and ultimately $8.5 trillion, with payments awarded for each achieved milestone. Musk projected Optimus robots as a core future product and predicted large-scale production. The company has grown revenue significantly, though previous promises for the Cybertruck and full self-driving capabilities have fallen short.
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