Redazione RHC : 7 November 2025 19:56
Numerous accolades are pouring in for Elon Musk, who continues to deftly lead his empire’s multiple businesses, including Tesla, SpaceX, xAI, and Starlink , maintaining his firm hold on the top spot.
Tesla’s fans are celebrating a strategy they believe pushes the boundaries of the auto industry. Behind this acclaim lies a momentous success: an unprecedented compensation plan for Musk, should Tesla achieve its goals. The situation is far-reaching, the context is enormous, and the implications are far broader than just electric cars.
Musk and Tesla’s trajectory turns into a profit saga as soon as this new plan is introduced . Tesla’s board of directors has proposed awarding Musk 423.7 million restricted shares , nearly 12% of his current equity , if certain performance targets are met.
For Musk to receive the full amount, Tesla’s market capitalization must increase to approximately $8.5 trillion (up from approximately $1.4 trillion currently). Additionally, the targets include 20 million vehicles sold, 1 million robo-taxis in service, 1 million humanoid “Optimus” robots, and a cumulative EBITDA potentially amounting to $400 billion .
While electric car sales remain Tesla’s focus, Musk is sending a clear signal: the future lies in artificial intelligence, robotics, and autonomous vehicles.
In this context, XXL compensation becomes more of a bet on a disruptive future than a huge bonus.
The event turned into a celebration. At the general meeting, 75% of the votes cast favored the plan. This outpouring of approval was accompanied by a standing ovation from the audience. However, behind this support, some major investors remain cautious. Some institutional funds—such as the Norwegian sovereign wealth fund—voted against it.
While Musk and Tesla enjoy broad support among retail investors, governance issues raise questions: Musk’s voting power could increase from around 13% to over 25% if all targets are met.
The company made a strategic choice: to maintain what it considers its “core asset.” As analyst Dan Ives commented :
With this compensation plan now approved, which keeps Tesla’s most important asset—Musk—at the top for the next few years, we continue to believe that AI-related valuation is starting to unlock. In our view, the transition to an AI-based valuation for Tesla is now underway for the next six to nine months, with the implementation of FSD, the penetration of autonomous technologies into Tesla’s installed base, and the acceleration of the Cybercab and Optimus projects in the United States.
At this crossroads, Tesla oscillates between the adulation of its fans and the caution of observers.
Furthermore, Tesla’s internal reality casts shadows: its market share in the United States has fallen to its lowest level since 2017 .
Tesla is betting heavily on this mix of electric vehicles, artificial intelligence, and robotics, taking inspiration from blockchain and the dynamics of Web3 (ethics, transparency, and disruption): an interesting hall of mirrors for curious investors.
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