Tesla investors approve Elon Musk's $1 trillion pay package
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Tesla CEO Elon Musk is accelerating plans to develop the company's in-house AI5 chip to rival Nvidia's Blackwell.
According to Nvidia ( NVDA +2.25%) CEO Jensen Huang, Tesla ( TSLA 3.36%) CEO Elon Musk is a "superhuman." Huang's words speak for themselves. "Elon Musk is singular in his understanding of engineering," Huang commented, adding that Musk's recent accomplishment had "never been done before."
Supercomputers were once beasts, even by PC standards -- massive room-filling things that cost a fortune. Now, a much smaller supercomputer has arrived.
In fact, Wedbush just reiterated an outperform rating on the tech giant, with a price target of $600. The firm expects Elon Musk to get overwhelming shareholder support on the potential $1 trillion pay package,
Elon Musk proposed using idle Tesla cars as a mobile inferencing fleet on the electric vehicle company’s Q3 2025 earnings call.
Tesla shareholders approved a massive $1 trillion pay package for CEO Elon Musk, contingent on ambitious performance targets over the next decade. If Musk meets all the targets, his total stake in Tesla would be would be worth roughly $2.