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Tesla shareholders are poised to vote on an unprecedented compensation package for CEO Elon Musk, potentially unlocking nearly $1 trillion in stock options tied to ambitious AI and robotics goals. The plan hinges on Musk spearheading the production of 1 million robotaxis and 1 million Optimus humanoid robots, all powered by Tesla’s advanced AI capabilities.

Building upon a previous, now voided, $29 billion award, this new proposal presents a high-stakes bet on Musk’s leadership. Should he achieve the milestones, including a significant increase in shareholder value, the package could reach a staggering $975 billion.

The Tesla board emphasizes the critical role of Musk’s vision in driving the company’s future success in AI and robotics. This vote arrives despite recent challenges, including declining sales amid increasing competition and political headwinds. Nonetheless, Tesla’s stock performance remains strong, fueled by investor confidence in its self-driving technology and AI-driven automation potential.

Musk’s commitment to remaining CEO for 7-10 years is a key condition of the agreement, during which he must successfully deploy the robotaxis and Optimus robots, solidifying Tesla’s position as a leader in the rapidly evolving AI and robotics landscape. (Source: The Verge)