Tesla Proposes a Trillion-Dollar Bet That It's More Than Just Cars

Tesla's board has proposed a $1 trillion pay package for CEO Elon Musk, which would be the largest compensation plan in corporate history. The package is structured as a performance-based stock award, requiring Musk to achieve several ambitious milestones to receive the full payout. The most significant milestones include expanding Tesla's market capitalization to $650 billion and developing successful robot and robotaxi businesses, in addition to growing the company's existing electric vehicle and energy storage operations. This demonstrates Tesla's ambition to transform itself from a car company into a broader technology and transportation conglomerate. The proposed package reflects Musk's outsized influence and the board's confidence in his ability to execute on these goals. However, it also underscores the risks and challenges Tesla faces as it seeks to diversify beyond its core automotive business and establish itself as a dominant player in emerging technology markets.