Tesla has faced challenges structuring CEO Elon Musk's compensation, most recently with a Delaware court striking down his plans valued at over $50 billion. In a move to create a more favorable legal environment, Tesla reincorporated in Texas. The company announced a new interim CEO award for Musk, estimated at $29 billion. Tesla is also pivoting towards AI and robotics, aiming to transform its market presence and explore autonomous vehicle technologies, tapping into a significant growth potential valued at $400 billion by 2030.
Tesla's declaration of becoming a leader in AI, robotics, and related services marks a seismic shift in its identity. No longer just an automaker, Tesla is positioning itself as a technology titan.
The company’s Full Self-Driving (FSD) software, now in its advanced stages, aims to power a robotaxi network that could disrupt transportation. By leveraging AI, Tesla envisions fleets of self-driving vehicles generating recurring revenue through ride-sharing services.
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