Elon’s Pay Package | The Brainstorm EP 105

Tesla's Compensation Package & Performance - The previous compensation package motivated Elon Musk, achieving expectations two years ahead of schedule [1] - The new package has ambitious targets, requiring a 49% compound annual growth rate in EBITDA over 75 years to reach $210 billion from $11 billion, and 62% to complete the package [1] - The company believes the goals are achievable, especially with the scaling of robo taxis and humanoid robots (Optimus) [1] - The company views the Delaware court decision voiding Elon's 2018 pay package as detrimental to investor rights and Tesla's success [1] - The company emphasizes the importance of incentivizing Elon Musk to maintain a culture of continuous improvement and innovation at Tesla [3] OpenAI Developer Day & Platform Strategy - OpenAI is rapidly innovating and shipping new products, turning ChatGPT into a robust platform with an application developer kit [4] - OpenAI's developer tools allow developers to create agentic behavior within ChatGPT, leveraging its distribution to 800 million weekly active users [4] - The company is creating tools for developers to wireframe agents, which involves chaining together different LLM actions to create a full agentic type experience [5][6] - The company's framework makes it easier to develop on OpenAI but harder to switch to other platforms, potentially stabilizing their API business [6] Prediction Markets & Trade - The company is analyzing the potential impact of 100% tariffs on China by November 1st, with the market currently at a 13% chance [7] - Prediction markets offer a way to hedge risks and surface information that might not otherwise be available in the market [7][8]