""I'd like to give a heartfelt thanks to everyone who supported the shareholder votes," Musk said. "I super appreciate it.""
""If I go ahead and build this enormous robot army, can I just be ousted at some point in the future? That's my biggest concern," Musk said in October on an earnings call. "That is really the only thing I'm trying to address with this so-called compensation, but it's not like I'm going to go spend the money.""
""We believe this was the smart move ... as the biggest asset for Tesla is Musk," Wedbush Securities analyst and Tesla bull Dan Ives wrote in a research note. "And with the AI Revolution this is a crucial time for Tesla ahead with autonomous and robotics front and center.""
More than 75% of Tesla shareholders approved a new compensation package that ties Elon Musk's pay to aggressive company growth targets. The package could be worth up to nearly $1 trillion if specified milestones are met, including a market capitalization of $8.5 trillion by 2035. The plan replaces a previously overturned $56 billion deal that a Delaware judge found had insufficient disclosure. If fully awarded, the package would give Musk an additional 12% of Tesla, increasing his ownership to about 25%. Some major investors, including Norges Bank Investment Management, opposed the measure. Analysts emphasize Musk's central role amid pushes for autonomy and robotics.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]