Musk Answers $1 Trillion Tesla Payday With Fanciful Promises

Core Insights - Tesla Inc. investors approved Elon Musk's $1 trillion compensation package, which is tied to ambitious future goals for the company [1][3] - Musk made extravagant predictions about Tesla's humanoid robot, Optimus, evolving from simple tasks to performing surgeries with high precision [1][2] - The company aims to increase vehicle production by approximately 50% by the end of 2026, despite facing a second consecutive year of declining sales [2] Company Developments - Musk's compensation package could enable him to become the first trillionaire and increase his stake in Tesla to 25% or more over the next decade [4] - The approval of the compensation package was crucial, as Musk indicated he might step down if he did not gain more control over the company [4] - Following the announcement, Tesla shares experienced a decline of up to 4.8% amid a broader market selloff, although the stock had risen 10% year-to-date prior to this [4]