Tesla Shareholders Back Musk’s Trillion-Dollar Compensation Package Amid AI Push
Elon Musk's dominance in both the automotive and financial worlds reached new heights as Tesla shareholders overwhelmingly approved a groundbreaking compensation package. The deal grants Musk 25% control of Tesla, potentially catapulting his net worth beyond the trillion-dollar threshold—a first in history.
Wedbush analyst Daniel Ives describes the MOVE as confirmation of Musk's 'wartime CEO' status during the AI revolution. The approval signals strong institutional confidence in Tesla's future, particularly its AI-driven initiatives like the Robotaxi service expansion into Miami, Dallas, Phoenix, and Las Vegas.
Despite opposition from some shareholders and ISS, over 75% voted in favor of the package. The decision underscores Tesla's aggressive positioning at the intersection of electric vehicles and artificial intelligence—a space increasingly relevant to blockchain and crypto projects focusing on autonomous systems and machine learning applications.