Tesla's Trillion-Dollar Gamble: What's Next for Musk and the Company?

Tesla shareholders have given the green light to a massive pay package for Elon Musk, potentially worth up to $1 trillion. This isn't just a big payday for Musk; it's a huge bet on Tesla's future.

Massive Targets to Unlock the Payout

To earn this massive payout, Musk and Tesla have to hit some serious targets:

1. Market Value: Tesla's market value needs to reach $2 trillion.
2. Vehicle Delivery: Tesla must deliver its 20 millionth vehicle.
3. Robotaxis: The company needs to put a million robotaxis on the road.
4. Humanoid Robots: Tesla must sell a million humanoid robots.

And that's just the beginning. To unlock the full award, Tesla's market value needs to hit $8.5 trillion, and the company has to meet all the operational goals.

Current Status

• Market Value: Around $1.4 trillion.
• Vehicles Delivered: About 8.5 million.
• Robotaxi Program: Still in testing.
• Optimus Robots: Not even for sale yet.

Criticism and Concerns

Some critics argue that the pay plan gives Tesla's board too much leeway to award Musk stock even if the company doesn't hit all the product goals. This is a big concern, especially since the board seems unsure about investing in xAI, Musk's artificial intelligence startup.

Investor Opposition

Big investors like Norway's sovereign wealth fund and several public pension funds voted against the package. They're worried about Musk's control over the company and whether he'll stay focused on Tesla.

Musk's Optimism

But Musk is optimistic. He sees this pay package as a new chapter for Tesla, a chance to push the company even further. Whether he can deliver on that promise remains to be seen.