FYI - For Your Innovation Elon’s Pay Package | The Brainstorm EP 105
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Oct 17, 2025 
In this engaging conversation, Cathie Wood, Founder and CIO of ARK Invest, dives into Elon Musk's ambitious pay package and its potential to drive Tesla's growth. She argues that performance incentives could accelerate the development of groundbreaking technologies like humanoid robotics and robotaxis. The discussion touches on the societal benefits of these innovations and emphasizes how meeting these ambitious goals might validate ARK's long-term investment thesis. Cathie also critiques legal decisions affecting Musk's incentives, highlighting the importance of maintaining Tesla’s innovative culture.
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Ambitious Pay Package Could Drive Massive Growth
- Elon Musk's proposed pay package sets extremely ambitious multi-year EBITDA and innovation targets that are possible but rare.
- Cathie Wood argues the package aligns incentives to accelerate humanoid robotics and robotaxis, benefiting shareholders and society.
Motivation And Growth Risks Matter
- Elon is motivated by scaling transformative technologies, not just money, which made the prior package succeed earlier than expected.
- Wood and Winton caution that unit growth risks (e.g., COVID) can derail even well-modeled plans.
View Payouts As Shares Of Future Value
- Treat the package as a small slice of a vastly expanding value pool rather than a one-time transfer.
- If you believe in the growth story, owning Tesla aligns you with the upside rather than opposing the incentive.