News Summary

Tesla has proposed an unprecedented $1 trillion compensation package for CEO Elon Musk, which includes a series of ambitious goals intertwined with previously stated promises. The package, yet to be approved by shareholders, is spread over a 10-year period and aims to make Tesla the most valuable company in history. Key targets include delivering 20 million vehicles in total by 2035, achieving one million robotaxis in operation, and producing one million humanoid robots, named Optimus. These goals reflect a softer stance compared to Musk’s past pledges. The compensation plan also requires Musk to help Tesla reach an $8.5 trillion valuation and increase annual earnings to $400 billion. Additionally, Musk is expected to develop a succession plan and gradually reduce his political engagements.