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Well, it yet happened. Tesla shareholders person officially approved Elon Musk's $1 trillion salary package, mounting him up to perchance become nan world's first trillionaire. The recently approved package would besides let Musk to increase nan size of his ownership liking successful Tesla, perchance giving him much than 25% of nan company, Bloomberg reports. That said, it's not for illustration nan shareholders conscionable handed him a trillion dollars. He'll person to deed a bid of marketplace headdress and operational milestones on nan measurement if he wants his shares, and there's nary guarantee that will happen.
The marketplace headdress milestones are comparatively straightforward, pinch nan first 1 being a $2 trillion valuation and consequent milestones group each clip nan valuation goes up different $500 billion. The operational milestones, however, are a spot much varied, requiring Tesla to present a full of 20 cardinal vehicles, deed 10 cardinal subscriptions for its alleged "Full Self-Driving" package (that isn't really tin of afloat self-driving), bring a cardinal robotaxis into operation, present 1 cardinal of Tesla's humanoid robots and past bring adjusted net to $50 billion. After adjusted EBITDA hits $50 billion, Musk will past person to turn net to $80 billion, past $130 billion, $210 billion, $300 cardinal and, finally, $400 billion.
So, successful bid for Musk to get his $1 trillion, he's going to person to waste cars, build robotaxis, drastically summation gross and someway fig retired really to make group bargain a bunch of janky robots that nary 1 wants. Getting location won't beryllium easy, and that's a bully thing, because nary 1 personification should ever person that benignant of money. No 1 should beryllium allowed to go a billionaire, either, but they decidedly shouldn't beryllium allowed to accumulate $1 trillion.
To put that successful perspective, a cardinal seconds useful retired to astir 11.5 days, while a cardinal seconds adds up to much than 31 years. Meanwhile, a trillion seconds is much than 31,600 years. It's beyond ridiculous, particularly astatine a clip erstwhile truthful galore group are struggling to spend nan basal costs of living.
They besides fto Elon talk
Tesla chose to denote nan results of nan ballot astatine nan electrical automaker's yearly shareholder meeting, wherever Musk's salary package wasn't nan only news. After all, they allowed their recently crowned deity king to speak, and erstwhile Elon speaks, you cognize things are astir to get weird (and scam-y). Let's see... per Business Insider's unrecorded updates, Musk:
- Compared Tesla's yearly shareholder gathering to a "cyberpunk nighttime club," telling nan crowd, "Other shareholder meetings are snooze fests. Ours are bangers."
- Claimed Tesla will waste tens of billions of its humanoid robots because everyone connected world will want "their ain individual R2-D2." Optimus will allegedly beryllium "bigger than cellphones."
- Claimed humanoid robots will usher successful a early where "maybe location won't moreover beryllium money," and Optimus is fundamentally an "infinite money glitch."
- Promised that Tesla's alleged "Full Self-Driving" package (that isn't really tin of afloat self-driving) will let owners to matter while driving "in nan adjacent period aliases two."
- Claimed accumulation of Tesla's dedicated robotaxi will statesman successful April 2026.
- Claimed it will costs astir $20,000 to build each Optimus robot.
- Said Tesla will "probably" person to build a "gigantic spot fab" to support up pinch demand.
- Praised nan Supercharger squad he gutted for expanding nan Supercharger network.
- Repeated claims that a caller Tesla Roadster is still coming (at immoderate point, eventually).
- Claimed Tesla's vehicles and humanoid robots will beryllium a "natural fit" erstwhile it comes clip to build a satellite base.
- Hinted astatine a SpaceX IPO.
- Repeated claims that self-driving Teslas will beryllium portion of a "massive distributed AI conclusion fleet" that could gain owners money erstwhile not being driven.
- Promised we'll spot nan caller Roadster connected April 1, which whitethorn aliases whitethorn not person been an April Fool's joke.
- Said it's "difficult to ideate that immoderate humans will really beryllium successful charge," assuming "artificial intelligence vastly exceeds nan sum of quality intelligence."
- Claimed Tesla will besides person to invest "tens of billions" to train its Optimus robots.
As you tin spot successful nan station embedded above, astatine 1 point, Elon besides claimed that Optimus robots whitethorn 1 time beryllium assigned to travel criminals astir to extremity them from doing crimes. You know, because "criminal" is simply a circumstantial people of personification wholly abstracted from nan normal humans who aren't genetically predisposed to do crime, aliases whatever.
Anyway, fingers crossed nan Republicans will beryllium retired of powerfulness soon and nan authorities will really put immoderate existent reforms successful spot that extremity group for illustration Elon Musk from accumulating much wealthiness than immoderate quality could perchance person ethically.
4 hours ago
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