Summary
Tesla shareholders voted to approve a large pay package for Elon Musk that could be worth nearly $1 trillion if he meets certain goals. The deal involves increasing Tesla's market value and deploying a fleet of self-driving cars. The announcement was made at Tesla's annual meeting, where Musk also discussed other company projects like the Optimus robot.
Key Facts
- Tesla shareholders approved a pay deal for Elon Musk that might be worth almost $1 trillion.
- The deal requires Musk to increase Tesla's market value significantly over several years.
- If Musk meets his targets, he will receive hundreds of millions of new shares.
- The decision was supported by 75% of shareholders who voted at Tesla's annual meeting.
- Musk highlighted other projects, such as the Optimus robot and self-driving cars.
- Tesla aims to have 1 million self-driving "Robotaxi" vehicles in service.
- US regulators are looking into Tesla's self-driving technology due to safety concerns.
- Musk's focus on projects beyond cars has sparked criticism from analysts.
