Musk's $1T pay package is full of watered-down takes on his own broken promises
4 days ago
- #Tesla
- #Elon Musk
- #Compensation Package
- Tesla proposes a $1 trillion compensation package for Elon Musk, with less ambitious goals than his previous promises.
- Musk needs to deliver 20 million Tesla vehicles total by 2035, down from the original goal of 20 million per year by 2030.
- Tesla sets a goal of 1 million robotaxis in commercial operation, a revised version of Musk's 2019 promise.
- Musk must achieve 1 million 'bots' (humanoid robots like Optimus) by 2035, far below his earlier claims of 1 million per year by 2029.
- Tesla aims for 10 million active subscriptions to Full Self-Driving (FSD) software, the most ambitious target.
- Musk must help Tesla reach an $8.5 trillion valuation and $400 billion in annual earnings.
- The package includes conditions like a CEO succession plan and reduced political involvement from Musk.
- Tesla's board frames the deal as aiming to make Tesla 'the most valuable company in history.'