Elon Musk $1T pay package, xAI investment

00:00 Speaker A

And Ross, I know you’re watching this closely as we vote on Elon Musk’s pay package later in the week.

00:06 Ross

Yes, the trillion dollar day is approaching, Thursday is the day of the general assembly meeting. then we will hear the results. You know, Tesla president Robin Denholm was out to get votes for Elon’s pay package, which is a bit unusual here; As Dan talks about the big AI play, he claims that shareholders should reward and motivate Elon to build things like AI at Tesla, right?

00:23 Ross

So, Elon says he can take his ball and go home. The question is; Should shareholders believe this? And I think there might be a better way to gain control of Tesla without a trillion-dollar pay package. That’s the big question here. I would like to draw attention to a few more items for voting. Three board members, Ira Ehrenpreis, Joe Gebbia and Kathleen Wilson Thompson, are also up for a vote. And also XAI investment. Elon said he wanted to present this to the board members.

00:46 Ross

A shareholder submitted a proposal. So, the board of directors does not make a recommendation, but there may be some kind of investment potential between Tesla and XAI.

00:56 Speaker A

We’ll be looking forward to all these events throughout the week, and Jen’s interview will be coming in about an hour.