Reported about 1 year ago
Elon Musk celebrated the reinstatement of his $46 billion pay plan by Tesla shareholders, who voted to reinstate the package and approved the company's move of state of incorporation to Texas. Musk expressed love for shareholders and outlined his vision for Tesla's future, emphasizing the potential of fully autonomous vehicles to significantly increase the company's value. Cathie Wood's ARK Invest predicted Tesla could reach an $8 trillion market cap, banking on self-driving cars transforming the revenue model. Musk proposed a future where Tesla owners can turn their vehicles into autonomous taxis, generating revenue for them. Despite past over-promises, Musk remains optimistic about Tesla's future.
Source: YAHOO