Link: Tesla offers $1 trillion to Elon Musk to unleash his army of robots

Tesla's board has proposed a new pay package for Elon Musk, potentially making him the world’s first trillionaire. This depends on achieving ambitious goals such as rolling out 1 million robotaxis and humanoid robots, and significantly increasing Tesla's market value.

Musk, who is already the wealthiest individual globally, would strengthen his financial dominance if he meets these milestones. His potential earnings, based on maximum payout, are estimated at approximately $975 billion.

In 2018, Tesla had already offered Musk an over $50 billion compensation package, which a Delaware court later invalidated, citing flaws and Musk's undue influence. Despite shareholder approval, the ruling was maintained, and Tesla is currently appealing to the Delaware Supreme Court.

The latest compensation plan is touted as crucial for Tesla's ambition to lead in AI and robotics. "Elon’s singular vision is vital at this critical inflection point," stated Tesla board chair Robyn Denholm.

Nevertheless, Musk's involvement in politics and the emergence of strong competitors have tarnished Tesla's reputation and affected its sales globally. Still, Tesla's market performance usually surpasses the underlying business fundamentals.

To obtain this compensation, Musk must remain Tesla's CEO for up to 10 years during which he must launch significant initiatives in robotaxis and robots. He and his brother, Kimbal Musk, have recused themselves from the decision-making process regarding this proposal. #

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