Musk says he’s not « comfortable » creating a « robot army » without an unprecedented pay package.
Tesla CEO Elon Musk is facing the possibility of becoming the world’s first trillionaire if investors vote in favor of an unprecedented $1 trillion pay package on November 6.
In the company’s third quarter earnings call on Wednesday, Musk made the case that he wasn’t actually in it for the money but that he needed the voting power that comes along with it.
“I don’t feel comfortable building that robot army if I don’t have at least a strong influence,” Musk said, adding that he is looking for voting power in the “mid-20s approximately.” Musk currently has around 13.5% voting power, and the proposed plan would see him add 12% to that stake over the next decade.
Proxy advisors Institutional Shareholder Services and Glass Lewis have urged Tesla investors to reject the plan due to potential decrease in company value and concerns over the details of the proposal.
In the earnings call on Wednesday, Musk called both “corporate terrorists.”
The “robot army” in question that Musk is fighting for is the company’s Optimus robot project. In the earnings call, Musk said that Tesla would be unveiling Optimus V3s early next year, and called the robots “an infinite money glitch,” while making bold claims about their potential.
The Tesla chief said that the robots can achieve “probably 5x the productivity of a person per year,” and that one would make for an “incredible surgeon.”
“It won’t even seem like a robot.
