Tesla shareholders voted to approve CEO Elon Musk’s massive 2018 pay package, said to be worth $56 billion. It comes after Tesla board chair Robyn Denholm said Musk could leave if compensation is deniedin a final appeal to shareholders.
This is the second time they have voted on the CEO’s salary after a judge from the state of Delaware overturned the first one earlier this year, citing a “seriously flawed” approval process. While this vote doesn’t negate that, it does deliver a PR win for Musk and could help his efforts to persuade the courts to make future performance choices. CNBC report.
Musk happily walked on stage after the preliminary results and said: “I just want to start by saying hot d—! I love you guys.”
The annual meeting in Austin, Texas also saw final votes on other proposals, including Musk’s push to move Tesla out of Delaware, where most companies are located. major publicly traded company is founded – and arrives in Texas, home to the American automaker’s largest factory. . Shareholders voted in favor of the move.
At the meeting, Musk promised Tesla shareholders that the company is making great progress in developing ‘self-driving vehicles’ or systems that turn existing Tesla cars into self-driving vehicles, which he believes it could be ’10 times the value of the company’.
However, he has been promising such autonomous technology since 2016 and has yet to deliver, while companies such as Pony.ai, Didi and Waymo have developed robotaxis and already operate commercial services. trade with them, CNBC shown.
Musk also announced Tesla’s ambition to create a ride-hailing network with cars equipped with self-driving systems, although he did not share a timeline. “There will be some cars owned by Tesla. But for our customer-owned fleet, it will be like an Airbnb thing. You can add or remove your vehicles to the fleet whenever you want,” he said.
The charismatic CEO also promised that Tesla will move to “limited production” of Optimus in 2025 and test humanoid robots in its own factories next year. Next year, there will be “more than 1,000 or several thousand Optimus robots working at Tesla,” he said.
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