Overview
- At Tesla’s annual meeting in Austin, shareholders backed a record performance-based compensation package for Elon Musk reportedly worth $1 trillion.
- Moments after the vote, Musk danced onstage with Tesla’s humanoid robot Optimus in a clip that quickly spread across social media.
- Musk framed the company’s next phase as moving beyond cars into robotics and artificial intelligence.
- The potential payout remains contingent on ambitious targets that include ramping robot production and achieving major market expansion.
- Tesla’s stock fell about 3.5 percent following the approval and presentation, reflecting a cautious market response.