Jim Cramer Backs Elon Musk’s $1 Trillion Tesla Pay Package Amid Robotics Focus
Jim Cramer, host of CNBC's Mad Money, has publicly endorsed Tesla CEO Elon Musk's controversial $1 trillion compensation package. The outspoken commentator framed Tesla as more than an automaker, emphasizing its robotics and AI ambitions. "Don't be small-minded: Tesla is about robots, Full Self-Driving, the future," Cramer asserted during his analysis.
The endorsement follows Tesla's Q3 earnings call where Musk linked the pay package to maintaining voting control over the company's direction. Musk expressed particular concern about developing Tesla's Optimus humanoid robots without sufficient governance protections, stating he wouldn't feel comfortable "building a robot army" vulnerable to activist shareholders.