Core Viewpoint - Elon Musk has secured a groundbreaking $1 trillion compensation package from Tesla, redefining salary benchmarks in the industry [2][3]. Group 1: Compensation Package Details - The compensation plan was approved with over 75% of votes at Tesla's annual shareholder meeting [3]. - The package is structured to unlock in 12 phases, contingent on achieving ambitious performance targets [9][10]. - To fully unlock the compensation, Tesla's market value must increase nearly 8 times to approximately $8.5 trillion, and profits must rise nearly 24 times to reach $400 billion [11]. Group 2: Performance Targets - Key performance metrics include delivering 20 million Tesla vehicles, achieving 10 million active Full Self-Driving (FSD) subscriptions, delivering 1 million Tesla robots, and operating 1 million Robotaxis [11]. - If all targets are met, Musk's ownership in Tesla could increase from 13% to about 25%, potentially making him the world's first trillionaire [13][14]. Group 3: Strategic Focus - Alongside the compensation approval, Tesla's board is considering investing in xAI, Musk's AI startup, indicating a strategic shift towards robotics and AI as future priorities [6]. - Musk believes the robotics industry will surpass the smartphone market in size, highlighting the company's ambitious vision [6][7]. Group 4: Comparison with Industry Peers - In contrast, OpenAI's CEO, Sam Altman, revealed he holds no equity in OpenAI, showcasing a stark difference in compensation strategies within the tech industry [23][24].
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