Elon Musk’s $1 Trillion Tesla Pay Deal Approved | Shareholders Back AI & Robot Vision

0:01 [Music] A night of history and hype in Austin, Texas. Inside Tesla's sprawling Giga factory, shareholders gave their resounding approval to the largest corporate pay package in history. on the 2025 CEO performance award to our founder and CEO Elon Musk with over 75% voting in favor. Approved. >> The announcement itself met with cheers and applause. The verdict, an $878 billion payout to Elon Musk over the next decade that could make him the world's first trillionaire.

0:53 And the world's richest man didn't hold back his excitement, bounding onto the stage, dancing alongside Tesla's humanoid robots. It was classic Musk, part showman, part visionary, promising that Tesla's future would be written not just on the roads, but in robotics and AI. I'd like to take to thank the Tesla board for their immense support. We have a fantastic board, fantastic group of shareholders. Thank you all. And uh and and what we're about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book. We're we're going to launch on uh the

1:41 the fastest production ramp of of any product of any large complex manufactured product uh ever. Um and starting with building a million unit production line uh in in Fremont. Um and uh that's that's that's line one. Um, and then a 10 million unit uh per year production line here on the >> new book could see Tesla morph into what Musk calls an AI and robotics juggernaut with milestones that would redefine the company's limits. Among his promises to shareholders, production of the Cyber Cap, Tesla's fully autonomous robo taxi to begin in

2:27 April 2026, the next generation Roadster and electric supercar unlike any before. Building millions of Optimus robots to achieve scale, building a gigantic Terrafab chip factory to power Tesla's AI ambitions, and working closely with Intel on advanced chip design. I mean thing is that we actually have agreed to buy all the chips that are made from the fab you know uh so it's basically a money printing machine for TSMC and Samsung. It's like literally the faster you make the chips the faster we send them money but it's still not going at the fast enough. Uh so that's why I think as far as I can see the only option is to go build some like uh very big chip

3:17 fab. Um and then you got to solve memory and packaging too. So uh but otherwise you just you just tap out at whatever the the chip production rate is. That's Musk's vision to make Tesla self-sufficient in AI hardware, creating chips powerful enough to drive its autonomous future. >> We've got the the first car that is specifically built for uh unsupervised full self-driving to to be a robo taxi. It's called a cyber cab. It doesn't even have pedals or steering wheel. Um yeah. So no, there's no side view mirrors. There's no Yeah. So it's it's and it's

4:02 it's very much optimized to min for for the lowest cost per mile in in an autonomous mode. Um and that production is happening right here in this factory and we'll be starting production in April next year. >> The Cyber Cab, a two-seater robo taxi, will roll out from the same Austin factory where Musk took the stage. For investors, the stakes are as high as the spectacle. To unlock his trillion dollar pay, Musk must achieve a series of massive targets, boost Tesla's market value to $8.5 trillion, deliver 20 million vehicles, launch a million robo taxis, and sell a million humanoid robots. Analysts call

4:48 it the most ambitious corporate road map in history. Supporters say it keeps Musk locked in, ensuring he stays focused on Tesla's future. Critics call it excessive, a reward that could dilute shareholder value. But for now, Musk walks away with shareholder approval and a challenge no CEO has ever faced to prove that Tesla's next decade from robo taxis to humanoid bots is worth a trillion dollar bet. Bureau report Business Today TV. [Music]

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