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Elon Musk Admits Targets To Achieve His $1 Trillion Compensation Are 'Tall Order' - Tesla (NASDAQ:TSLA)
Benzingaยท 2025-11-09 08:39
Core Insights - Tesla CEO Elon Musk acknowledged the challenges in achieving the ambitious market capitalization and operational goals tied to his $1 trillion compensation package, describing them as a "tall order" [1][2] - Musk emphasized the potential for public investment in Tesla stock, indicating that while there may be challenges, he believes the goals can be accomplished with significant effort [2][3] Targets for Compensation - To unlock the full $1 trillion compensation, Musk must achieve several specific targets, including delivering 20 million vehicles, operating 1 million Robotaxis, selling 1 million Optimus humanoid robots, securing 10 million active Full Self-Driving (FSD) subscriptions, generating $400 billion in EBITDA, and reaching a market capitalization of $8.5 trillion [3][4] Shareholder Support and Reactions - Tesla shareholders approved Musk's compensation package with over 75% support during a meeting on November 6, reflecting confidence in his leadership and the ambitious goals set forth [3][5] - The approval has elicited mixed reactions, with some viewing it as a sign of oligarchy while others see it as a strong endorsement of Musk's vision for Tesla [5] Future Plans - Musk announced plans to unveil the Roadster in 2026 and expand the robotaxi program, indicating Tesla's commitment to innovation and growth, which may enhance its attractiveness to investors [4]