Musk’s $ 1t’s payment package is full of weakening versions of his own broken promises

Tesla has proposed a huge new $ 1 trillion compensation package for CEO Elon Musk and many of the benchmarks to hit are simply weakened versions of the promises that have spent years for the company.

This is not the image of the Board of Directors of Tesla Annual Mediation Declarationwhere they revealed the proposed remuneration package. Instead, the Board of Directors focuses on how it plans to create “the most valuable company in history”.

Of course, if Tesla completes everything she is aiming for with this deal, she will look like a very different company at the end of the ten -year period she covers. This does not change the fact that the milestones that the company asks Musk to target are less ambitious than its own goals than the previous one.

While the unprecedented remuneration package must still be approved by shareholders at a meeting in November, it is easy to see the vote of the “YES” fan base. The previous votes for Musk compensation have been overwhelmingly approved by Tesla shareholders.

With this in mind, let’s take a look at what Musk needs to achieve to get the full payment.

20 million cars… Total

Musk expenditure years Tesla’s claim could make 20 million electric vehicles per year By 2030. This was back when he and his company still promise to rise at a 50% rate each year.

However, Tesla left these promises, as sales growth collapsed and then reversed in 2024. last yearand stopped making a scheduled factory in Mexico would have increased production.

Now, the first “target of the product” that the Tesla Board has been set for Musk to achieve its way to become a trillionaire is to deliver 20 million vehicles total. Tesla has already sold eight million cars to date, and even with sales fall, it is only a shy of 2 million per year.

With the new remuneration package made for a ten -year period, that is, the target has passed from 20 million EVs a year to 2030 in just 20 million in total by 2035.

A million robotas*

One of Musk’s most famous and outrageous promises of Tesla came in 2019 when he claimed that the company would have A million robotas on the road in 2020. It is now in 2025, and Tesla has just started testing a robotaxi service in Austin, Texas who has a maximum of 20 or 30 cars with security guides on the ship.

In order to access the full proposed remuneration package, Tesla asks Musk to help the company realize a changing version of this promise, as another goal of the product is to have “1 million Robotta in commercial operation”.

It’s a target with warnings. Thin printing indicates that Tesla only requires a “daily average” of a million roboting “that operates commercially by or on behalf of [Tesla] in a successive three -month period, in the context of a transfer service. ”

Tesla continues to define “Robotaxi” as any Tesla vehicle, including, among other things, the purpose of “Cybercab” that is being developed, using the company’s full self-guidance software to offer people.

This includes customer vehicles, which is another thing that has been promised for a long time, but is never delivered. It has been years claiming that Tesla could reverse a digital switch and convert existing vehicles into fully autonomous and that the owners could add and remove these vehicles to a larger fleet of romance at will.

But Musk has said since then Many of the Teslas on the street do not have the necessary material For the first one to happen and the company has not yet proved the latter. Regardless of this, Musk now has an even more relaxed timetable to try to make both things happen.

A million “bots”?

Musk sees that the future of Tesla is all about the human -developed robot, called Optimus. Just this week he claimed that he could offset 80% of the company’s future revenue.

As he focused more and more on Optimus, Musk made some very wild promises of what would look like in this future. One of his main allegations was that Tesla would make a million bots optimus per year with As early as 2029.

And yet, the Tesla board only asks Musk to deliver a million “bots” as a whole as part of this proposed compensation plan. Tesla also defines “bots” as “any robot or other natural product with mobility using artificial intelligence manufactured by or on behalf of the company” – although the company’s vehicles do not count.

The filmmakers seem to agree that Optimus has “the ability to be Tesla’s bestselling”, and they say it is a repertoire “the clearer example of the way Tesla has the ability to make autonomy benefit all humanity”.

But the Board also notes that the “commercialization plans” for Optimus are “still in progress”, and Musk now has up to 2035 to reach one million.

Anything else

The fourth and ultimate goal of the Musk product must achieve is to approve 10 million active subscriptions to Tesla’s Full Self-Guidance Software (FSD). It is undoubtedly the most ambitious product target. The company does not say how many current owners have paid for FSD, although executives have recently stated the rate of adoption It’s in “Teens”. At best, this means anywhere from a few hundred thousand to low millions of Tesla vehicles have installed the software.

Anything else the Tesla Council asks Musk is linked to money. In the end, Musk has to help Tesla reach a $ 8.5 trillion valuation to unlock the full value of the compensation package and become a trillion himself himself.

Musk already had big plans to complete something similar. He often claimed that Tesla could one day become more valuable than Apple and Saudi Aramco in combination. In their current valuations, these two companies are collectively worth about $ 5.5 trillion. But earlier this year, CEO claimed that Tesla could be worth more than The next five most useless companies in combination – which then meant that it aims closer to the $ 15 trillion signal.

Along with the goal of assessing Tesla’s valuation, Musk is called upon to increase the company’s profits, in essence, $ 400 billion a year – a huge person compared to the profits of about $ 17 billion last year.

Finally, the Tesla board requested two notable assurances from Musk in order to unlock the full value of the compensation package. One is that he has to work with the company to develop a plan on how to succeed as Tesla’s chief executive (and the plan is essentially locking him in the company for at least 7.5 years).

The other, buried in a footnote, is that Tesla received “assurances that Musk’s involvement with the political sphere would fall in time”.

Taking as a whole, it is a complex deal with many real ideas of where it could go under Musk leadership over the next decade. The same was said about the previous compensation agreement that Tesla hit Musk in 2018, and yet the company hit all these seemingly proposed goals. (The Musk Award was ultimately dusted by Delaware’s court.)

Still, it is difficult not to notice how new goals seem to come from the company that is trying to drag its CEO promises back to Earth.