News on Medial

What does $48 billion get Tesla investors? A return of the old Elon Musk

Livemint · 10m

During Tesla's recent shareholder meeting, CEO Elon Musk expressed his excitement for the future, envisioning a world with billions of humanoid robots and a potential valuation of $30 trillion for Tesla. Shareholders voted to reauthorize Musk's $48 billion pay package, allowing him to regain his enthusiasm. However, concerns remain over Tesla's car business, with falling sales and emerging competition from China. Musk also faced lawsuits accusing him of wrongdoing and creating a separate AI company. Despite these challenges, Musk's vision of a robot-filled future and his ability to accelerate Tesla's growth resonated with shareholders.