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As early as 2018, Tesla's shareholder meeting approved a special "performance option award package" to its CEO Elon Musk: starting in 2018, the company will not pay any salary or cash rewards to Musk, and will only grant options based on the market capitalization of the listed company, as well as revenue/EBITDA. And Musk has achieved every goal of the compensation package, so he should be rewarded with $56 billion (about 400 billion yuan).
However, a minority shareholder sued Tesla and Musk, and finally, on January 30, 2024, a judge of the Delaware Court of Chancery ruled that Tesla CEO Elon Musk's $56 billion compensation package was invalid because Tesla's board of directors failed to prove that "the compensation plan was fair."
On April 17 this year, Tesla will once again let shareholders vote on Musk's $56 billion compensation package. In its latest filing with the Securities and Exchange Commission, Tesla said it asked shareholders to approve Musk's $56 billion compensation bill, which was canceled by a judge. And based on the headline in its latest document about asking shareholders to approve Musk's compensation, Tesla seems to have played the democracy card - "approval will restore Tesla's shareholder democracy".
On May 17, it was reported that Tesla's largest individual retail shareholders opposed Musk's $56 billion compensation plan, which is one of the main topics of the upcoming shareholders' meeting. KoGuan Leo has been one of Tesla's largest shareholders for many years and the company's largest retail investor, holding more than 27 million shares. Recently, he expressed dissatisfaction with Musk's leadership and opposed a possible compensation package.
Leo posted again on social media today, showing that he voted against Musk's compensation package, among other issues. Leo also voted against extending the term of James Murdoch and Elon Musk's older brother, Kimbar Musk, on Tesla's board of directors and voted against other proposals. Leo called some of Musk's supporters "brainless fools," prompting many to push back against his remarks. Leo's huge Tesla holdings give him enormous clout, which has upset other shareholders who generally support Musk.
Looking back at the development of Tesla's enterprise from the "Musk's $56 billion compensation package incident":
——Continuously improving services will help Tesla seize the market
As a leader in the global new energy vehicle industry, Tesla continues to research and develop the energy consumption and batteries of new energy vehicles produced by Tesla, and actively solves the pain points of the development of modern new energy vehicles. At the same time, Tesla is also actively improving the after-sales system to ensure consumers' experience after shopping and ensure the long-term development of Tesla's new energy vehicles.
-- China's local production reduces costs
At present, Tesla continues to expand the production capacity of Tesla's Shanghai Gigafactory. It is reported that the construction of a factory in Shanghai can help Tesla avoid tariffs of up to 40%. Tesla's Model 3 currently has an annual production capacity of 250,000 units, which is why the Model 3 is less expensive. The Model Y has just been put into production in 2021, and in the future, as the production capacity of the Model Y in Shanghai continues to increase, the price of the Model Y in the Chinese market may be further reduced due to the removal of most import taxes, attracting more consumers to buy it.
——The development history of Tesla's humanoid robot
Tesla, the fastest-growing company in the global humanoid robot industry, initially released the concept machine of the humanoid robot on AI DAY in 2021, and achieved rapid iteration in less than two years, completing the construction of the development platform, the debut of the Optimus product, and the realization of capabilities such as motor torque control, environmental detection and memory, and complex tasks for both hands.
Analysis of Tesla's FSD visual perception scheme for humanoid robots
Tesla's FSD pure vision deep learning neural network is gradually maturing and can be grafted onto humanoid robots. Similar to autonomous driving, humanoid robots also use sensors (cameras, lidars, etc.) to sense, collect, and process information about their surroundings in order to make decisions. Tesla's humanoid robot uses only 3 cameras (a fisheye camera in the middle, a vision camera on the left and right), which is directly grafted with FSD's mature pure vision solution, supplemented by sensors such as force, torque, acoustics, tactile temperature, etc.
Fatih Birol, head of the International Energy Agency, said that the global electric vehicle revolution is entering a new phase of growth instead of weakening. The Global Electric Vehicle Outlook 2024 predicts that China's electric vehicle sales will increase to about 10 million units in 2024, accounting for about 45% of China's domestic car sales. In the U.S. and Europe, electric vehicles are expected to account for about one-ninth and one-quarter, respectively.
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