Tesla Shareholders Back Musk’s Compensation Amid Robotaxi Ambitions
Tesla shareholders overwhelmingly approved CEO Elon Musk's $56 billion compensation package, signaling strong confidence in his leadership. The electric vehicle Maker now pivots toward high-stakes projects including autonomous robotaxis and AI-driven robotics.
"What we are about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book," Musk declared at the shareholder meeting. Top investor Steven Fiorillo ranks among the bulls, noting Tesla's potential to become "not just the most valuable company but the most important company in the market."
The approval removes a key overhang for Tesla stock, with Musk's $8.5 trillion valuation target for the company now facing a pure execution test. Market observers will watch for tangible progress in autonomy and AI as catalysts for the next growth phase.
