Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval

November 7, 2025 9:11 AM

Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval

Tesla  CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The proposal was approved with over 75% support, and Musk bounded to the stage of the company's annual meeting at its factory in Austin, Texas, accompanied by dancing robots. Musk, already the world's richest person, could get as much as $1 trillion in stock over the next decade, although requir...

Tesla CEO Musk unveils ‘Cybercab’ robotaxi as focus shifts to automation

October 11, 2024 9:59 AM

Tesla CEO Musk unveils ‘Cybercab’ robotaxi as focus shifts to automation

Elon Musk showcased a robotaxi with two gull-wing doors and no steering wheel or pedals at a splashy event on Thursday and added a robovan to the roster as Tesla's goal shifts from low-priced mass-market automaker to robotics manufacturer. Musk reached the stage in a "Cybercab" which he said will go into production in 2026 and be priced less than $30,000. He said operation will cost 20 cents a mile over time and charging will be inductive, requiring no plugs. He said the cars rely on artificia...