Those targets don’t seem like they would generate in excess of $1 trillion in profits. Not entirely sure they would generate that much in revenues, so why wouldn’t Elon just buy that many robotaxis and AI bots himself as a profitable strategy to unlock his comp package?
According to the chart in the linked document, Elon’s 2012 compensation plan captured 8% of the increased shareholder value. His 2018 plan captured 8.9% of the increased shareholder value, and this 2025 plan captures 13.3% of the increased shareholder value. I guess it is getting harder and harder to get him to focus.
Also, I don’t see anywhere in this incentive package where Tesla has to continue manufacturing EVs, or any vehicles at all. A joint venture with someone that provides the vehicle, ICE or EV, while Tesla adds the AI self driving tech, slaps their logo on the hood, and puts it into service via their own channels will count toward these incentives.
Good that it's not just market cap I suspect he'd find some way to get there.
I also dont doubt if it just came down to it they could claim 1m robotaxis with some words nothing ("Supervised" or "Robotaxi capabilities") whatever state it actually is in, the robots will be trickier.
I was going to say he'll get DOGE to make every War Department, Department of Information Retrieval, and the Department of Not Health buy 20k unnecessary EVs ever month but then I remembered he's not on good terms with Dear Leader. Maybe he'll expand into healthcare, insurance, credit, and/or real-estate to concoct numbers to appease the market gods.
eig|5 months ago
Looks like they are really doubling down on the 2018 compensation package and the idea that Elon's attention is worth more than anything.
More details on the milestones can be found in the SEC statement: https://www.sec.gov/Archives/edgar/data/1318605/000110465925...
voisin|5 months ago
stockresearcher|5 months ago
Also, I don’t see anywhere in this incentive package where Tesla has to continue manufacturing EVs, or any vehicles at all. A joint venture with someone that provides the vehicle, ICE or EV, while Tesla adds the AI self driving tech, slaps their logo on the hood, and puts it into service via their own channels will count toward these incentives.
sidibe|5 months ago
I also dont doubt if it just came down to it they could claim 1m robotaxis with some words nothing ("Supervised" or "Robotaxi capabilities") whatever state it actually is in, the robots will be trickier.
fuzzfactor|5 months ago
eig|5 months ago
more_corn|5 months ago
burnt-resistor|5 months ago
einrealist|5 months ago
gigatexal|5 months ago
unknown|5 months ago
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