Online Reporter
Elon Musk won shareholder approval for the largest pay package in history, as investors endorsed his vision of morphing the electric vehicle (EV) maker into an artificial intelligence (AI) and robotics juggernaut.
The proposal was approved with over 75 percent support, and Musk bounded to the stage of the company’s annual meeting, accompanied by dancing robots.
Musk, already the world’s richest person, could get as much as US$1 trillion in stock over the next decade, although required payments would take the value down to US$878 billion.
Shareholders also re-elected three directors on Tesla’s board and voted in favour of holding annual elections for all board members and a replacement pay plan for Musk’s services because a legal challenge has held up a previous package.
“What we are about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book,” Musk told a cheering group of shareholders.
He predicted that Optimus robots could solve the healthcare crisis, curb crime and even be imbued with human consciousness.
Musk also said the company could work with Intel on chip production, sending that company’s stock up, and that Tesla could build its own chip factory. — Reuters
