Musk’s $1T pay package is full of watered-down versions of his own broken promises

Tesla has proposed a huge compensation package of $ 1 trillion for its CEO Elon Musk, and many of the criteria that it needs to strike are simply versions of the promises spent years in making the company.

This is not the image that the Tesla board draws in the company’s annual agent, as they revealed the proposed payment package. Instead, the Board of Directors focuses on how to plan it to create the “most valuable company in history”.

Certainly, if Tesla is completing everything it aims with this deal, it will look a lot different at the end of the 10 -year period that covers it. This does not change the fact that the prominent features that the company requires to aim to aim to be less ambitious than its previously identified goals.

Although the unprecedented payment package still needs to be approved by shareholders at a November meeting, it is easy to see the company’s fans base, “Yes”. Previous votes were approved to compensate Musk by an overwhelming majority by Tesla shareholders.

Take into account, let’s take a look at what Musk needs to accomplish in order to get full payment.

20 million cars … total

Musk spent years in demanding Tesla to make 20 million electric cars Every year By 2030, this returned when he and his company were still 50 % growth every year.

However, Tesla moved away from those promises as sales growth stopped, then reflected in 2024. Then the company withdrew the target of 20 million a year from the impact report last year, and stopped building a planned factory in Mexico, which would have increased production.

Now, the first “product of the producer” set by the Tesla Board of MUSK to achieve it on its way until the trillione is to provide 20 million cars the total. Tesla has already sold eight million cars so far, and even as sales decline, shy of 2 million a year moves.

With the new wage package over a period of 10 years, this means that the goal has moved from 20 million EVS annually by 2030 to only 20 million by 2035.

One million robotics*

One of the most famous promises in Mosk Al -Shaya came about Tesla in 2019, when he claimed that the company will get a million robots on the road in 2020. It is now 2025, and Tesla has only started trying a robotics service in Austin, Texas, at most, about 20 or 30 cars with a safety driver on board.

To reach the proposed full payment package, Tesla Musk asks the company to help achieve a changing version of this promise, as the goal of another product is a “million robot in the commercial process”.

It is a goal with warnings. Micro print shows that Tesla only requires that there be a “daily average daily” of a million robots “that run or on a commercial or on its behalf [Tesla] During a three -month period, as part of the transportation service. ”

Tesla continues to define “Robotaxi” that any Tesla vehicle, including but not limited to, “Cybercab” designed for this purpose, uses the full company program to provide horse riding to people.

This includes customer -owned vehicles, which is something else that musk has long promised but has not been delivered. He spent years in the claim that Tesla could turn a numerical key and turn existing vehicles into self -auto cars, and that owners can add these vehicles and put them to a larger robotics fleet at the will.

But Musk has since said that many Teslas on the road currently do not have the necessary devices until the first happens, and the company has not yet appeared. Regardless, Musk now has a more flexible time schedule to try to make both things happen.

One million “robots”?

Musk sees the future of Tesla is everything about the human robot that develops, called Optimus. Only this week claimed that it could make up up to 80 % of the company’s future revenues.

When he became increasingly focused on Optimus, Musk made some somewhat wild promises that this future will look like. One of his main allegations was that Tesla would make one million Optius robots Every year By 2029.

However, the Tesla Council only requires Musk to provide a million “robots” as part of this proposed compensation plan. Tesla is also defined by “robots” as “any robot or other material product with the mobility using artificial intelligence that was previously manufactured or on behalf of the company” – although the company’s vehicles are not counted.

Managers seem to agree that Optimus has “the possibility of being the best -selling Tesla product”, and they say it weakens.

But the Board of Directors also notes that “Optimus” marketing plans are still under development “, and that Musk now has until 2035 to reach a million mark.

Everything else

The goal of the fourth and last producer to which Musk must achieve is 10 million active subscriptions for the fully TESLA program (FSD). It can be said that it is the goal of the most ambitious product. The company does not specify the number of current owners who paid FSD, although CEOs recently said that the adoption rate in “teenagers”. At best, this means anywhere in a few hundred thousand to the low millions of Tesla cars installed the program.

Everything is the other council of Tesla, which musk is requested related to money. Ultimately, Musk needs to help Tesla to reach an assessment of $ 8.5 trillion in order to open the full value of the compensation package and become a trillion and becoming.

Musk had already had large designs to accomplish something similar. He often claimed that Tesla can become one day more valuable than Apple and Saudi Aramco combined. In its current assessments, the value of these two companies combined is about $ 5.5 trillion. But earlier this year, CEO claimed that Tesla could deserve more than the five most valuable companies combined-which means that at that time he was aimed at closer to the $ 15 trillion brand.

In addition to the target of Tesla evaluation bombing, Musk is required to increase the company’s profits mainly 400 billion dollars per year – a huge number compared to the profits last year of $ 17 billion.

Finally, the Tesla Council has requested outstanding assurances from Musk to open the full value of the compensation package. One of them is that he must work with the company to develop a plan for how he is behind him as CEO of Tesla (and the plan mainly creates to the company for at least 7.5 years).

The other, buried in a footnote, is that Tesla received “assurances that the participation of musk with the political field will end in a timely manner.”

As a whole, it is a complicated agreement with a lot of realistic ideas on where Tesla can be under MUSK over the next decade. The same thing was said about the previous compensation deal that Tesla struck with Musa again in 2018, however the company struck all those goals that appear. (Musk Award was eventually dust by the Chancery’s Deaware Court.)

However, it is difficult not to note how much these new goals seem to come from the company that tries to withdraw the promises of its CEO to the ground.