Tesla(US:TSLA) CNETยท2025-11-07 02:38Company Performance & Goals - Tesla investors approved a CEO performance award for Elon Musk valued at approximately $1 trillion, contingent on achieving ambitious targets [2] - Musk aims to increase Tesla's total stock value from $1.5 trillion to $8.5 trillion over the next 10 years [3][4] Production & Technology - Tesla plans to have 1 million robo taxis in operation and sell 1 million Optimus robots within the next decade [4] - Tesla is developing its own AI chips and a facility to produce them, instead of relying on external suppliers like Nvidia [7] - Tesla anticipates the cost to produce one Optimus robot to be around $20,000 once production reaches 1 million units per year [5] - Tesla is developing Optimus robots with plans for annual release cycles and significant improvements, aiming for Optimus 4 production in 2027 and Optimus 5 in 2028 [6] Future Vision - Tesla envisions Optimus robots and Tesla vehicles being used on Mars [9] - Tesla is exploring the potential of using Neuralink to gather data that may allow for human consciousness to be uploaded into a robot body [9] Competitive Landscape - A proposal to audit child labor in Tesla's supply chain and tie executive compensation to sustainability goals was voted down by investors [2] - Tesla's shareholder meeting occurred shortly after Chinese competitor Xpan held its AI day, showcasing driverless cars and a new humanoid robot [9]