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TechCrunch Mobility: The ‘robot army’ argument
Yahoo Finance· 2025-10-26 16:05
Group 1: Tesla and Elon Musk's Compensation Package - Tesla's shareholders will vote on a compensation package for Elon Musk that could grant him up to 12% of the company's stock, potentially worth $1 trillion if Tesla reaches a market value of $8.6 trillion [3] - Musk has been actively lobbying for the approval of this package, despite recommendations from proxy advisers to reject it [4] - During the earnings call, Musk emphasized the importance of having control over Tesla's robot army, linking it to his influence over the company's future products [5][4] Group 2: General Motors and BrightDrop - General Motors has decided to discontinue the BrightDrop electric van program after four years due to a slower-than-expected market for commercial electric vans [8] - The company has hundreds of unsold vans sitting in lots in Michigan and Canada, indicating a significant inventory issue [8]