Elon Musk secured the majority of Tesla shareholder votes for a compensation plan of 1 billion dollars (about 850 million euros at current exchange rates), with payment directly dependent on the (mandatory) achievement of a set of goals by the American brand. The multimillionaire, and former right-hand man of Trump in the White House, received 75% of the votes. Receiving the combined amount, he strengthens his position at the top of the list of the richest people in the world…
Among the missions proposed by Musk for Tesla is the transformation of the company into a reference specialist in the fields of robotics and artificial intelligence, and not just in the production of electric vehicles. However, the automotive business remains at the epicenter of the activity of a company that even has the super-ambitious goal of selling around 20 million vehicles in the next decade, including one million autonomous taxis. Additionally, it is estimated that the brand will be valued at 400 billion dollars (that is, about 344 billion euros).
Various shareholders reacted with great caution to this plan, notably the Norwegian Sovereign Fund, which holds a 1.14% stake in the American company, and voted against the salary package proposed by Musk. However, the South African-born American, by holding 15% of the company’s capital, managed to secure approval for the proposal. Shareholders also agreed to Tesla’s investment plans in xAI, Elon’s startup for Artificial Intelligence.
