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Elon Musk Set to Become First Trillionaire Through Tesla Package

by rtvenglish
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World’s richest man Elon Musk is on track to become even wealthier in the future. At Tesla annual shareholder meeting in Austin, Texas, Musk announced packages that could make him the first trillionaire. Under the proposed plan, Musk is set to receive $1 trillion annually if Tesla achieves certain milestones. Tesla confirmed that over 75 percent of shareholder voted in favor of the package. Musk currently holds a 15 percent stake in the company, which could potentially rise to 25 percent, bringing his daily earning to an estimated $237 million.

Musk’s Wealth Approaching $1 Trillion

The Tesla annual meeting was marked by much fanfare. Musk does not receive a traditional salary from Tesla, but the compensation packages grant him additional Tesla share. The newly announced packages could award him 423.7 million Tesla share over the next 10 year. If Tesla reaches a market capitalization of $8.5 trillion, Musk’s stake would be worth $1 trillion. To achieve this market value, Tesla share would need to increase by 466 percent from current level. This target is nearly 70 percent higher than the current market cap of Nvidia, which recently reached a record $5 trillion and is the world’s most valuable company.

Tesla Future Linked with Robotics

Musk also outlined Tesla future expansion into robotics. The company plans to focus on self-driving car, robo-taxi, humanoid robot, and related AI applications. As a demonstration, Tesla humanoid robot Optimus participated in the shareholder meeting. Musk stated that in the future, these robot could assist in Tesla manufacturing, deliveries, and personal assistance. He emphasized that Tesla is entering a new era not only in automobile but also in robotics and artificial intelligence. During the meeting, Musk even danced with the Optimus robot, highlighting the company vision for the future.

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