Elon’s $1 Trillion Robot Taxi Dream: Tesla’s Billionaire Bingo

Elon’s $1 Trillion Robot Taxi Dream: Tesla’s Billionaire Bingo
Photo by I'M ZION on Unsplash

Tesla shareholders gathered at the Austin HQ on a crisply doomed Thursday at 4 p.m. ET to vote on Elon Musk's staggering $1 trillion pay package. The deal, more ambitious than a sci-fi sequel, hinges on Tesla hitting an $8.5 trillion market cap by 2035, selling 12 million vehicles yearly, and deploying a million robotaxis plus a million humanoid robots (because ordinary Teslas weren’t enough). Proxy firms ISS and Glass Lewis, self-appointed party poopers, urged a no-vote, earning Musk's wrath as he dubbed them 'corporate terrorists' live on an earnings call. Meanwhile, board chair Robyn Denholm warned shareholders Musk might snub Tesla if denied the payday—a polite hostage situation. Bonus subplot: 14 other shareholder proposals including reelecting board members Ira Ehrenpreis, Joe Gebbia, and Kathleen Wilson-Thompson, and a neutral stance on investing in Musk's AI startup xAI to dodge legal drama. Shares cling to recovery, pending fallout from the end of U.S. EV tax credits and fierce new competition. Tesla’s voting website screams 'The Future of Tesla Is in Your Hands'—which feels more like a polite threat than a motivational slogan.

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Source: Businessinsider | Published: 11/6/2025 | Author: Katherine Li,Tom Carter,Henry Chandonnet,Lloyd Lee,Steven Tweedie