Lifetime Replacement 
Introduction
In the rapidly changing world of electric vehicles and technology, Tesla is undoubtedly a global focal point. In recent weeks, the company led by Elon Musk has once again dominated headlines, from the approval of a historic pay package to the departure of a key figure, and the grand vision for future technology. This article will summarize Tesla's major recent events.
A Historic Moment: Musk's Pay Package Approved
Tesla shareholders, at the recent annual shareholders' meeting, approved CEO Elon Musk's pay package, valued at nearly $1 trillion, with over 75% of votes in favor. This decision is not only a record-breaking compensation agreement but is also seen as a vote of confidence from shareholders in Musk's leadership for the next decade.
Key Points of the Pay Package:
| Milestone Type | Goal Overview | Key Data/Requirements |
|---|---|---|
| Market Cap Targets | Must achieve a series of market capitalization increments | Starting from $2 trillion, up to a maximum of $8.5 trillion |
| Operational Targets | Covers vehicle deliveries, FSD subscriptions, and Optimus robot deployment | 20 million vehicle deliveries, 10 million active FSD subscriptions, 1 million Optimus robot deliveries |
| Financial Targets | Must achieve a series of annual adjusted profit targets | Starting from $50 billion, up to a maximum of $400 billion |
The plan is designed to incentivize Musk to lead Tesla in achieving extremely challenging growth targets over the next ten years. If all targets are met, Musk's stake in the company will increase from approximately 13% to 25%. Notably, this plan was resubmitted and approved after the Delaware Court of Chancery ruled Musk's previous 2018 pay package invalid.
Key Personnel Change: Cybertruck Project Lead Departs
Shortly after the delivery of the highly anticipated Cybertruck began, Tesla saw a significant personnel change. Reports indicate that Siddhant Awasthi, the Cybertruck Project Lead, has decided to leave the company after eight years of service.
Impact Analysis:
- Cybertruck's Future: Awasthi's departure comes at a critical time for Cybertruck's production ramp-up, which could introduce uncertainty into the project's subsequent development.
- Talent Retention: Although Tesla possesses a deep talent pool, the departure of a core project leader often raises external concerns about the company's internal stability and project timelines.
The Grand Vision: Optimus Robot and the Future of FSD
At the shareholders' meeting, Musk once again outlined Tesla's ambitious plans in the fields of artificial intelligence and robotics.
- Optimus Robot: Musk claimed that the Optimus humanoid robot will "eliminate poverty," "provide amazing medical care," and even play a role in the "containment of future crime." He revealed that the pilot production line for the third-generation Optimus robot has started at the Fremont factory in California, with mass production expected next year.
- FSD Subscriptions: The pay package includes a target of 10 million active FSD (Full Self-Driving) subscriptions, demonstrating Tesla's confidence in the commercialization prospects of FSD technology.
Market and Technical Challenges: 4680 Battery and Sales Volatility
In addition to the highlights mentioned above, Tesla also faces technical and market challenges:
- 4680 Battery: Musk admitted that the "dry electrode" process for the 4680 battery was a "major blunder" and suggested that competitors have taken the lead in battery technology. This indicates that Tesla still needs to overcome challenges in this critical battery technology.
- Sales Volatility: In certain markets (such as Taiwan), Tesla's registration numbers have seen a "snow-slide-like decline," raising concerns about the overall demand in the electric vehicle market and Tesla's pricing strategy.
Conclusion
The recent news surrounding Tesla fully illustrates the complexity of a company that pursues disruptive innovation while facing market challenges. The approval of Musk's pay package sets extremely high goals for Tesla's next decade, and the mass production plan for the Optimus robot suggests that Tesla aims to be more than just a car company. However, the loss of key talent and technical hurdles also serve as a reminder to investors and consumers that Tesla's path is not without its bumps.
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