"Elon Musk wants to be anointed the world's first trillionaire-but he swears it's not about the money. Over the past few weeks, the Tesla CEO has been demanding greater power over the electric-vehicle manufacturer. Specifically, he is asking for another 12 percent of the company-a stake currently worth roughly $190 billion. If shareholders vote for it, and if Musk meets the board's goals for drastically increasing the company's value, the total value of his personal stake will shoot up to $1 trillion."
""It is instead a technocratic fever dream, predicting a future in which humanoid robots made by Tesla free us from mundane tasks and create a utopia of 'sustainable abundance.'" Tesla's board has said that the compensation package will help motivate Musk to pursue these innovations; in the company's third-quarter earnings call last month, robots-not money-were at the heart of Musk's argument for more shares."
Elon Musk is seeking an additional 12 percent stake in Tesla, currently worth about $190 billion, which could raise his personal stake's value to $1 trillion if board targets are met and shareholders approve. Shareholders will complete voting at Tesla's annual meeting on whether to grant him the stake and increased governance control. Tesla's Master Plan IV emphasizes humanoid robots and sustainable abundance rather than new electric cars. The board frames the compensation as motivation for ambitious innovations, and Musk emphasized robotic development, asking whether he could be ousted after building an "enormous robot army." Tesla's corporate structure includes some oversight by owners.
Read at The Atlantic
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