The Rundown Robots: Tesla offers Musk $1 TRILLION


🤑 Tesla offers Musk $1T for robot revolution
Image source: Molly Riley/Wikimedia Commons
The Rundown: Tesla’s board just crafted a pay package that could make Elon Musk the world’s first trillionaire, but only if he delivers on some staggering milestones, including mass-producing a million robotaxis and a million Optimus humanoids.
The details:
Tesla’s regulatory filing details a pay package split into 12 share tranches, granting Musk awards only if he hits milestones within set timelines.To unlock the payout, Tesla must hit a $2T market valuation and deliver 20M vehicles early on; a steep climb since Tesla delivered under 2M cars last year. Musk, already the world’s wealthiest person, must stay with Tesla for at least seven-and-a-half years to unlock any stock from the package.The package is slated for a shareholder vote at Tesla’s annual meeting on November 6.
Why it matters: Musk claims humanoids could one day make up 80% of Tesla’s value, recasting the EV giant as a robotics powerhouse. Tesla’s stock may have wobbled, but the board seems undeterred, approving a share-only pay package as audacious as the moonshot it’s meant to fuel.
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About michelleclarke2015

Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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