Overview
- Shareholders approved a 12‑tranche compensation plan that vests over 10 years, delivering 35.3 million shares per tranche and up to roughly 423.7 million shares if all targets are met.
- Performance milestones span valuation and operations, including a first vesting hurdle at a $2 trillion market cap, with reporting citing longer‑term targets such as $8.5 trillion, 20 million vehicles, 10 million FSD subscriptions, and fleets of 1 million robotaxis and 1 million humanoid robots.
- Elon Musk publicly encouraged investors to buy the stock, calling the objectives a “tall order” yet achievable with significant effort.
- Coverage highlights that Musk warned he might leave without greater control during the push for approval, a tactic that preceded the favorable vote.
- Following the vote, Musk forecast Cybercab production beginning in April and floated the need for a “gigantic” chip fab, while Master Plan 4 remains sparse on details and the Roadster 2 reveal was moved to April 1, 2026.