Overview
- Cramer urged investors to give Musk the package he wants, calling the CEO “really smart” and “actually worth it.”
- He emphasized Tesla’s AI, Full Self-Driving, Robotaxi and Optimus efforts, plus energy storage, as the core investment case following a Q3 revenue beat to $28.095 billion versus $26.239 billion expected.
- Musk has attacked proxy advisers ISS and Glass Lewis as “corporate terrorists” after they recommended voting against his compensation plan.
- On Tesla’s Q3 call, Musk revised Robotaxi targets, aiming to remove onboard safety operators in Austin by the end of 2025 and to launch service in 8–10 U.S. cities rather than reaching half the country this year.
- Board chair Robyn Denholm has defended the award, arguing that proxy firms’ one-size-fits-all approach does not fit Tesla.