"During the call, the mercurial executive made some extremely peculiar remarks that may provide insight into his motivations for aggressively chasing a 25 percent stake in the company over his current 13 percent stake. "If we build this robot army, do I have at least a strong influence over this robot army?" he told investors. "Not control, but a strong influence... I don't feel comfortable building that robot army unless I have a strong influence.""
"During Tesla's third-quarter earnings call on Wednesday, CEO Elon Musk once again threatened investors that he would walk away if they didn't agree to award him an astonishing $1 trillion payout. The unprecedented package, which shareholders are set to vote on next month, could make the already richest man in the world the first trillionaire over the next decade - providing, that is, that Tesla hits some astonishing metrics, including 20 million vehicle deliveries, a million robotaxis, and a million Optimus humanoid robots."
A proposed $1 trillion compensation package for the CEO is conditional on extreme performance milestones including 20 million vehicle deliveries, one million robotaxis, and one million Optimus humanoid robots. The CEO warned he would walk away if shareholders do not approve the award, and he has pushed to increase his ownership stake significantly. The CEO repeatedly described the humanoid robots as a "robot army" and said he needs strong influence over them, raising concerns about potential weaponization. Optimus was originally presented for mundane tasks like folding shirts, but production has lagged and targets have been missed.
Read at Futurism
Unable to calculate read time
Collection
[
|
...
]