Elon Musk's $1 Trillion Incentive for Building Tesla's 'Robot Army'

Core Insights - Tesla's 2025 shareholder meeting highlighted ambitious goals, including a $1 trillion performance award for CEO Elon Musk contingent on achieving specific targets [2][3] - The company aims to operate a million robo taxis and sell a million Optimus robots over the next decade, with a projected increase in Tesla's total value to $8.5 trillion [4] Group 1: Shareholder Proposals - Investors rejected a proposal for an audit of child labor in Tesla's supply chain and a plan to link executive compensation to sustainability goals [2] - The board recommended the approval of the CEO performance award, emphasizing its importance for retaining Musk as CEO [3] Group 2: Production and Technology Goals - Musk announced plans to produce a million Optimus robots annually, with production costs expected to be around $20,000 per unit once production scales [5] - Tesla is developing its own AI chips to meet the demands of its future technologies, moving away from reliance on external suppliers like Nvidia [7][8] Group 3: Future Aspirations - Musk shared long-term visions, including the potential for Tesla vehicles and Optimus robots on Mars, and the use of Neuralink for advanced data gathering [9] - The meeting coincided with a competitive showcase from Chinese rival Xpan, which unveiled its own driverless cars and humanoid robots [9][10]